Monitoring resistance at 1300.
(By Yann Quelenn)
• Gold is consolidating within an symmetrical
triangle. Hourly support is given at 1251
(08/08/2017 low). Stronger support lies at 1204
(10/07/2017 high). Expected to show continued
consolidation below $1300.
• 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)