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).