(10 JULY 2017)GOLD (in USD):Bearish breakout.

(10 JULY 2017)GOLD (in USD):Bearish breakout.

10 July 2017, 13:53
Jiming Huang


Bearish breakout.

(Yann Quelenn )

• Gold's is trading lower towards strong support 

given at 1214 (09/05/2017 low). Hourly resistance 

can be found at 1258 (23/06/2017 high). 

Expected to show continued weakness. 

• 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).

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