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MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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Gold - Setting Lower Highs

Gold's volatility is strong in the medium-term. The metal is setting lower highs which indicates a negative momentum. Hourly resistance is given at 1343 (22/09/2016 high). Key resistance stands far away at 1375 (06/07/2016 high). Expected to show renewed bearish pressures towards key support at 1302 (01/09/2016 low).

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).

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