Gold is retesting the rising trend line for the overall short-term bullish trend, in addition to the key horizontal support region that start from 1358.00 to 1347.00; we mentioned earlier that this might be the last defense for the ongoing bullish trend, as breaking below it may signal the resumption of the medium term bearish trend. Technically, we should maintain the bullish view so long as this area is holding.
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| Support | 1358.00 | 1352.00 | 1346.00 | 1340.00 | 1333.00 |
| Resistance | 1368.00 | 1373.00 | 1380.00 | 1393.00 | 1400.00 |
| Recommendation | Long above 1352.00, targets at 1368.00, 1380.00 and 1400.00. Invalidation with four-hour closing below 1347.00. | ||||
092 749966,
093 749966
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