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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 - Bullish Pressures Accelerate

Gold remains weak but the metal is showing renewed bullish pressures. Support is located at 1122 (15/12/2016 low ). Hourly resistance is given at 1188 (05/12/2016 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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