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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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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