Bouncing on rising trendline support.
(By Yann Quelenn)
• Gold is pushing higher. The technical structure
confirms the end of the consolidation phase.
Support lies at a distance at 1251 (08/08/2017
high). Resistance is 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).