(15 JUNE 2018)GOLD (in USD)：Success test of resistance.

Success test of resistance.

(By Peter Rosenstrelch)

·Gold has bounce successfully tested resistance

indicating a challenge of support, Hourly

support and resistance are given at 1282

(21/05/2018 low) and 1329 (08/03/2018 high), The

technical structure suggests further short-term

decrease.

.In the long-term, the technical structure

suggests that there is a growing upside

momentum. A break of 1'392 (17/03/2014) Is

required to confirm it, A major support can be

found at 1'045 (05/02/2010 low). The pair is

trading below its 200 DMA.