(28 AUGUST 2017)GOLD (in USD):Monitoring resistance at 1300.

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)