Daily analysis of Gold for February 13, 2018

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Overview

Gold price is carrying on a rally to reach the thresholds if the first target approaches 1,335.40. This keeps the bullish scenario active in the short term. Let me point out that surpassing this level will extend the gains to reach 1,365.97. Besides, holding above 1,316.48 is an important condition for extending the rally. If a rally is interrupted, it will push the price to visit 1,301.20 levels before any new attempt to rise. The expected trading range for today is between 1,316.00 support and 1,340.00 resistance.

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