(04 DECEMBER 2017)GOLD (in USD):Ready for further downside.

Ready for further downside.

(By Yann Quelenn)

• Gold is pushing lower. 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).