Gold bearish pressures continue, trading below 1290 and heading along 1286. Hourly support at 1300 (29/12/2017) is now broken. The pair is heading along the 1300 range. Hourly support and resistance are given at 1263 (21/12/2017 low) and 1329 (08/03/2018 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). The pair is trading below its 200 DMA
