empty
 
 
13.03.2017 04:57 PM
Daily analysis of Gold for March 13, 2017

This image is no longer relevant

Overview

Gold price tested the critical resistance level at 1,211.30 as we mentioned this morning. The price needs to breach this level to confirm the continuation of the positive scenario in the short term. The next main target is located at 1,231.13. Therefore, we will keep our positive expectations unless the price breaks 1,195.28 and holds below it. The current negativity of the stochastics might force the price to show some temporary declines before resuming the expected bullish bias. Besides, we should bear in mind that breaking 1,195.28 will turn the price to the bearish correctional track, so its next target is seen at 1,179.26. The expected trading range for today is between 1195.28 support and 1220.00 resistance.

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback