(30 OCTOBER 2017)GOLD (in USD):Riding lower.

(30 OCTOBER 2017)GOLD (in USD):Riding lower.

30 October 2017, 12:44
Jiming Huang
0
14

gold


Riding lower.

(By Yann Quelenn )

• Gold remains weak. The technical structure

confirms an underlying bearish trend. Strong

support lies at a distance at 1204 (10/07/2017

high). Resistance is now located at 1288

(20/10/2017).

• 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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