Gold is back to bullish despite ongoing bearish consolidation. The precious metal is way into an uptrend channel. Hourly support is given at 1284 (11/10/2017 low). Strong support lies at a distance at 1204 (10/07/2017 high). Expected to show bullish pressures.
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).
