Technical Analysis

GOLD Ready For Further Downside

Typography

Gold is pushing lower. The technical structure confirms the end of the consolidation phase. Support given at 1251 (08/08/2017 high) is on target. Resistance is located at 1288 (20/10/2017).

In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary ton confirm it, A major support can be found at 1045 (05/02/2010 low).

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Swissquote Bank SA
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