Gold is starting a bearish consolidation phase following recent recovery at 1338. Approaching the 1334 range. Hourly support and resistance remain at 1318 (14/02/2018 low) and 1349 (30/01/2018 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).
