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(04 SEPTEMBER 2017)GOLD (in USD):Dominate bullish pressure.
4 September 2017, 14:25
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Dominate bullish pressure.
(By Peter Rosenstreich)
• Gold is strengthening with a sizable bullish gap
on at the open. Hourly support is given at a
distance 1251 (08/08/2017 low). Stronger support
lies at 1204 (10/07/2017 high). Expected to show
continued increase.
• 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