Gold is heading lower, breaking hourly support at 1318 (14/02/2018) and trading at March 2018 low. The pair is heading along the 1315 range. Hourly support and resistance are given at 1300 (29/12/2017 low) and 1357 (26/01/2018 high). The technical structure suggests short-term downward moves.
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).
