Gold strong selling pressures push the precious metal pair below 1330, approaching 1321 low (30/03/2018). Gold is expected to head along the 1325 range. Hourly support and resistance are given at 1318 (14/02/2018 low) and 1349 (30/01/2018 high) The technical structure suggests 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).
