Gold is still going lower after strong collapse. The technical structure confirms a further consolidation phase. Hourly support is given at 1236 (12/12/2017 low) has been broken. 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).