(18 DECEMBER 2017)GOLD (in USD):Starting a new bullish momentum

Starting a new bullish momentum.

(By Yann Quelenn )

• Gold is consolidating after the strong collapse

even though traders are taking some profit. .

Hourly support is given at 1236 (12/12/2017 low) .

Resistance is located at 1259 (14/12/2017).

• 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).