(09 OCTOBER 2017)GOLD (in USD):Volatility increases

(09 OCTOBER 2017)GOLD (in USD):Volatility increases

9 October 2017, 13:52
Jiming Huang
0
19

gold

Volatility increases

(By Yann Quelenn)

• Gold has bounced back above broken hourly 

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

resistance is located at 1290 (29/09/2016 high). 

Strong support lies at 1204 (10/07/2017 high). 

Expected to show further downside 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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