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
