Consolidating within uptrend channel.
(By Yann Quelenn )
• Gold has seen increased buying interest,
clearing rising trend-line. Hourly support is given
at a distance 1326 (gap low). Key resistance is
located at 1375 (06/07/2016). 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)
