GOLD Stabilizing

Gold is stabilizing at 1325, expected to remain at that range in the short-term. Hourly support and resistance are given at 1300 (29/12/2017 low) and 1366 (25/01/2018 high).

In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1’392 (17/03/2014) is required to confirm it. A major support can be found at 1’045 (05/02/2010 low).