(07 AUGUST 2017)GOLD (in USD):Pushing lower.

(07 AUGUST 2017)GOLD (in USD):Pushing lower.

7 August 2017, 13:49
Jiming Huang


Pushing lower.

(Yann Quelenn)

• 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)

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