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Gold - Approaching $1300

Gold is lying in a short-term uptrend channel. The metal keeps on increasing. Support is given at 1208 (28/03/2016). Resistance at 1284 (11/03/2016 high) has been broken. Expected 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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