Gold is trading higher, nearing the range of 1330, though a short-term bearish pattern dominates. Hourly support and resistance are given at 1306 (04/01/2018 low) and 1366 (25/01/2018 high). The technical structure suggests further downside 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 1366 (25/01/2018 high). The technical structure suggests further downside moves.){kind=link}