Gold is decreasing following recent increase at 1323, approaching hourly support at 1300 (29/12/2017 low) and expected to decline at the 1308 range. Hourly resistance at 1338 (19/02/2018 high) is distanced. The technical structure suggests further short-term decrease.
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).
