Daily analysis of Gold for February 02, 2018



Gold price is trading sideways in a tight range, settling around 1,345.00. As long as the price is below 1358.40, the bearish scenario will remain valid for today. This scenario is supported by stochastic's current negativity. Please note that breaking 1,335.40 will open the way towards our next main target at 1,316.48. The expected trading range for today is between 1,330.00 support and 1,358.00 resistance.

The material has been provided by InstaForex Company - www.instaforex.com