\n\tThis will depend, however, on breaches of the 1752 and 1791 levels which have both withstood recent testing and represent Fibonacci retracements<\/span> from the principal September range of 1920-1583. Moore remains bullish but suggests breaking 1752 and 1791 is key.<\/p>\n \n\tIf not, Moore sees support at 1712, and thereafter at 1694 and 1663.<\/p>\n \n\tBarclays Capital technical analysts note the US dollar has been net stronger of late and gold has reverted to trading in line with risk assets. A current lack of physical demand has meant limited gains and suggests the downside looks more fragile in the near term.<\/p>\n \n\tBarclays remains positive beyond the short term nevertheless, suggesting the macro environment is supportive and investment demand will strengthen with ongoing purchases from central banks.<\/p>\n \n\tAlso citing Fibonacci, Barclays sees support around 1600 as gold is looking to a move towards 1800 before the 1840 level comes into play, predict the analysts. This Fibonacci level is currently “shielding” the 1921 high.<\/p>\n \n\tNear term Barclays sees support at 1700-1725 and resistance at 1775-1803 while remaining medium term bullish.<\/p>\n \n\t \n\tTechnical limitations<\/strong><\/p>\n \n\tIf you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n![\"\"](\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/1_Barclays.jpg\")
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