(03 JULY 2017)GOLD (in USD):Strong bearish momentum.

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).