![(19 JUNE 2017)GOLD (in USD):Monitoring uptrend channel. (19 JUNE 2017)GOLD (in USD):Monitoring uptrend channel.](https://c.mql5.com/6/778/splash-698648.jpg)
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Monitoring uptrend channel.
• Gold is now monitoring the lower bound of the
uptrend channel. Hourly support is located at
1249 (intraday low). Stronger support is given at
1214 (09/05/2017 low). Expected to show
renewed upside pressures.
• 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).
(By Yann Quelenn)