GOLD Heading Higher

Gold bounces back following recent decrease at the 1323 range, currently trading between hourly support and resistance at 1300 (29/12/2017 low) and 1338 (19/01/2018 high). The short-term technical structure suggests further rise.

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).

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