Gold recovers from recent traders’ profit taking and keeps increasing. Hourly support is given at 1306 (04/01/2018 low). Resistance located at 1345 (15/01/2018 high) is attainable. The commodity is targeting a strong resistance point at 1357 (08/09/2017 high).
In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary in order to confirm it. A major support can be found at 1045 (05/02/2010 low).
. Resistance located at 1345 (15/01/2018 high) is attainable. The commodity is targeting a strong resistance point at 1357 (08/09/2017 high).){kind=link}