Gold is consolidating. Hourly support is given at 1251 (08/08/2017 low). Strong support is given at 1204 (10/07/2017 high). Hourly resistance is given at 1274 (01/08/2017 high). Expected to see further consolidation.
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)
