Gold continues to weaken and the 1300 level is being monitored. Actual levels are still good entry points to reload bullish positions . A key resistance stands at 1375 (06/07/2016 high). Expected to show renewed bullish pressures.

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