(18 SEPTEMBER 2017)GOLD (in USD):Timid rebound.

(18 SEPTEMBER 2017)GOLD (in USD):Timid rebound.

18 September 2017, 14:00
Jiming Huang
0
22

gold


Timid rebound.

(By Yann Quelenn )

• Gold is trading mixed within uptrend channel. 

Hourly support is given at a distance 1319 

(intradayy low). Hourly resistance is located at 

1357 (08/09/2016). Stronger support lies at 1204 

(10/07/2017 high). Expected to show continued 

increase within uptrend channel. 

• 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

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