Struggling to break the resistance area near 1369.
• Gold is struggling to move above its resistance area near 1369 (see also the declining trendline and the low of the broken rising channel). Another resistance can be found at 1395.Monitor the hourly support at 1359 (19/09/2013 low). Another support can be found at 1336(previous resistance).
• Despite yesterday's rise, the medium-term technical configuration remains biased to the downside. Key supports are at 1268 and 1181, while a key resistance stands at 1434.