Gold is stabilizing at the 1346 range following recent rise at 1351, breaking hourly resistance at 1348 (20/02/2018 high). Expected to remain at the 1344 range. Hourly support and resistance are now given at 1300 (29/12/2017 low) and 1366 (25/01/2018 high). The technical structure suggests short-term consolidation.
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).
