Gold is consolidating after the strong collapse even though traders are taking some profit. Hourly support is given at 1236 (12/12/2017 low) . Resistance is located at 1259 (14/12/2017).

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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