(21 AUGUST 2017) GOLD (in USD):Consolidating below 1300.

Consolidating below 1300.

(By Yann Quelenn)

• Gold has broken strong resistance given at 

1296 (06/06/2017 high). Hourly support is given 

at 1251 (08/08/2017 low). Stronger support lies at 

1204 (10/07/2017 high). Expected to show 

continued buying 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)