(06 NOVEMBER 2017)GOLD (in USD):Range-trading.

(06 NOVEMBER 2017)GOLD (in USD):Range-trading.

6 November 2017, 13:00
Jiming Huang
0
15

gold

Range-trading.

(By Yann Quelenn)

• Gold remains weak. The technical structure

confirms a longer consolidation phase. Support

lies at a distance at 1251 (08/08/2017 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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