Daily analysis of Gold for March 06, 2018

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Overview

The gold price begins today's trading above 1,316.48 after yesterday's decline. Stochastic provides a clear positive signal for more positive trading in the upcoming sessions. Therefore, we still expect the bullish trend on the intraday and short-term basis conditioned by the stability above 1,316.48. Our main targets begin at 1,335.40 and extend to 1,365.97 after breaching the previous level. The expected trading range for today is between the 1,310.00 support and the 1,340.00 resistance.

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