• 739 days Will The ECB Continue To Hike Rates?
  • 739 days Forbes: Aramco Remains Largest Company In The Middle East
  • 741 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,141 days Could Crypto Overtake Traditional Investment?
  • 1,146 days Americans Still Quitting Jobs At Record Pace
  • 1,148 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,151 days Is The Dollar Too Strong?
  • 1,151 days Big Tech Disappoints Investors on Earnings Calls
  • 1,152 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,154 days China Is Quietly Trying To Distance Itself From Russia
  • 1,154 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,158 days Crypto Investors Won Big In 2021
  • 1,158 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,159 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,161 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,162 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,165 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,166 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,166 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,168 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

Gold - Short-Term Bearish In A Bullish Medium-Term Trend

Gold keeps on weakening since the yellow metal has faded near the hourly resistance at 1295 (18/04/2017 high). Support can be located at 1261 (intraday low). The road is wideopen for further decline.

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

 

Read the Report

Back to homepage

Leave a comment

Leave a comment