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Exchange Rates 12.03.2018 analysis

Overview

Gold price provided clear negative trading and is testing the critical support at 1316.48 now, which requires being aware from the upcoming trading, where breaking this level will complete forming a negative pattern that has the ability to push the price to test 1301.20 levels directly. We will keep our bullish trend expectations if the price settles above 1316.48 level, reminding you that our initial main target lies at 1335.40. The expected trading range for today is between 1310.00 support and 1335.00 resistance.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by InstaForex Analyst,
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