Strong bearish momentum.
(By Yann Quelenn )
• Gold's is trading lower. The commodity has
broken hourly support located at 1236
(26/06/2017 low). Stronger support is given at
1214 (09/05/2017 low). Hourly resistance can be
found at 1258 (23/06/2017 high). Expected to
show renewed bullish pressures.
• In the long-term, the technical structure
suggests that there is a growing upside
momentum. A break of 1392 (17/03/2014) is
necessary ton confirm it, A major support can be
found at 1045 (05/02/2010 low).