Gold is challenging the key support area between 1143 and 1132. Hourly resistances can be found at 1175 (09/03/2015 high) and 1198 (intraday high).

In the long-term, the underlying downtrend (see declining channel) continues to favour a bearish bias. A key support stands at 1132 (07/11/2014 low), while a major support can be found at 1045 (05/02/2010 low).

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