(02 OCTOBER 2017)GOLD (in USD):Continued decline.

(02 OCTOBER 2017)GOLD (in USD):Continued decline.

2 October 2017, 13:41
Jiming Huang
0
25

gold


Continued decline.

(By Yann Quelenn)

• Gold continues to go down. Hourly support is 

given at 1267 (15/08/2017 low). Hourly resistance 

is located at 1357 (08/09/2016). Stronger support 

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

further bearish move. 

• 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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