(17 JULY 2017)GOLD (in USD):Short-term bullish momentum arises.

Short-term bullish momentum arises.

(By Yann Quelenn)

• Gold's is trading mixed after the precious 

metal reached the $1200 level. Hourly support is 

now given at $1204 (10/07/2017 high). Hourly 

resistance at 1229 (06/07/2017 high) has been 

broken. Expected to show further strengthening. 

• 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)