• Gold is consolidating lower. The commodity
has broken support at 1254 (27/07/2017 low)/
Strong support is given at 1204 10/07/2017 high).
Hourly resistance is given at 1274 (01/08/2017
high). Expected to see further bearish 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)