Fading bullish momentum.
(By Peter Rosenstreich)
• Gold remains weak as broken the support at
1284 confirms an underlying bearish trend.
Strong support lies at a distance at 11267 then
1204 (10/07/2017 high). Resistance is located at
• 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).