Gold is trading lower and recently reached 1’328. Hourly support at 1’331 (23/01/2018) is now reached while additional support is given at 1’323 (12/01/2018 low). The technical structure suggests 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).