Gold - Selling Pressures Are Fading
Gold's short-term consolidation continues. Hourly support is given at 1303 (28/07/2016 low) while hourly resistance is given at 1375 (06/07/2016 high). Volatility is lowering and indicates another bullish move.
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).