Gold - Setting Higher Lows
Gold is lying in a short-term uptrend channel. The metal is edging slightly higher. Support is given at 1208 (28/03/2016). Resistance can be found at 1284 (11/03/2016 high). A break of support at 1182 (08/02/2016 low) is necessary to confirm deeper selling pressures.
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).