![(04 DECEMBER 2017)GOLD (in USD):Ready for further downside. (04 DECEMBER 2017)GOLD (in USD):Ready for further downside.](https://c.mql5.com/6/792/splash-713297.jpg)
(04 DECEMBER 2017)GOLD (in USD):Ready for further downside.
4 December 2017, 12:57
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
0
44
![gold gold](https://c.mql5.com/6/792/GOLD.png)
Ready for further downside.
(By Yann Quelenn)
• Gold is pushing lower. The technical structure
confirms the end of the consolidation phase.
Support lies at a distance at 1251 (08/08/2017
high). Resistance is located at 1288 (20/10/2017).
• 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).