Continued decline.
(By Yann Quelenn)
• Gold continues to go down. Hourly support is
given at 1267 (15/08/2017 low). Hourly resistance
is located at 1357 (08/09/2016). Stronger support
lies at 1204 (10/07/2017 high). Expected to show
further bearish move.
• 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).
