Gold is trading sideways after slight decrease of yesterday. Hourly support is at 1’331 (23/01/2018 low) while additional support is given at 1’323 (12/01/2018 low). The technical structure suggests further short-term upside moves.
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).