Consolidating below 1300.
(By Yann Quelenn)
• Gold has broken strong resistance given at
1296 (06/06/2017 high). Hourly support is given
at 1251 (08/08/2017 low). Stronger support lies at
1204 (10/07/2017 high). Expected to show
continued buying 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)