![(18 DECEMBER 2017)GOLD (in USD):Starting a new bullish momentum (18 DECEMBER 2017)GOLD (in USD):Starting a new bullish momentum](https://c.mql5.com/6/793/splash-714021.jpg)
(18 DECEMBER 2017)GOLD (in USD):Starting a new bullish momentum
18 December 2017, 13:26
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![gold gold](https://c.mql5.com/6/793/GOLD.png)
Starting a new bullish momentum.
(By Yann Quelenn )
• Gold is consolidating after the strong collapse
even though traders are taking some profit. .
Hourly support is given at 1236 (12/12/2017 low) .
Resistance is located at 1259 (14/12/2017).
• 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).