Gold is trading at the 1320 range following recent selling pressures, declining from 1341 high (26/02/2018) and breaking hourly support at 1318 (14/02/2018 low). New hourly support is now at 1306 (04/01/2018 low) while hourly resistance remains at 1351 (01/02/2018 high). The technical structure suggests further downward 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).
 and breaking hourly support at 1318 (14/02/2018 low). New hourly support is now at 1306 (04/01/2018 low) while hourly resistance remains at 1351 (01/02/2018 high). The technical structure suggests further downward moves.){kind=link}