Gold remains weak. The precious metal has exited downtrend channel. The technical structure confirms an underlying bearish trend. Strong support lies at a distance at 1267 then 1204 (10/07/2017 high). Resistance is now located at 1288 (20/10/2017).
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).
