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
.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.