Gold continues its descent, approaching hourly support at 1306 (04/01/2018 low). Hourly resistance is maintained at 1351 (02/01/2018 high) while further resistance is found at 1366 (25/01/2018 high). The technical structure suggests further decline.
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).
. Hourly resistance is maintained at 1351 (02/01/2018 high) while further resistance is found at 1366 (25/01/2018 high). The technical structure suggests further decline.){kind=link}