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Gold - Targeting $1,300!!

Gold is in a bullish momentum despite its strong volatility. Hourly resistance is given at 1284 (11/03/2016 high) while closer hourly supports is located at 1225 (15/03/2016 low). There are still some room for the metal to reach 1300.

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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