(04 SEPTEMBER 2017)GOLD (in USD):Dominate bullish pressure.

Dominate bullish pressure.

(By Peter Rosenstreich)

• Gold is strengthening with a sizable bullish gap 

on at the open. Hourly support is given at a 

distance 1251 (08/08/2017 low). Stronger support 

lies at 1204 (10/07/2017 high). Expected to show 

continued increase. 

• 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