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)