GOLD Testing Support At 1318

GOLD Testing Support At 1318

Gold strong selling pressures continue, the pair is decreasing from 1333 high, approaching hourly support at 1318 (14/02/2018 low). Hourly resistance at 1349 (30/01/2018 high) is distanced. The technical structure suggests short-term decrease.

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).

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