(16 OCTOBER 2017)GOLD (in USD):Breaking 1300.

(16 OCTOBER 2017)GOLD (in USD):Breaking 1300.

16 October 2017, 13:49
Jiming Huang
0
19

gold

Breaking 1300.

(Yann Quelenn )

• Gold is back to bullish. The precious metal is way into an uptrend channel. Hourly support is given at 1291 (13/10/2017 low). Strong support lies at a distance at 1204 (10/07/2017 high). Expected to show continued bullish pressures. • 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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