(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).