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Gold - Targeting Year-High

Gold's bullish momentum continues. The metal has exited a symmetrical triangle. Hourly supports lies at 1201(18/02/2016 low) and 1191 (16/02/2016 low). Daily resistance can be found at 1263 (11/02/2016 high).

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).

Daily Technical Report

 

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