(31 JULY 2017)GOLD (in USD):Riding uptrend channel.

Riding uptrend channel.

(Yann Quelenn )

• Gold continues to grow. Strong support is 

given at 1204 10/07/2017 high). Hourly resistance 

is given at 1271 (31/07/2017 high). Expected to 

show continued 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)