Daily analysis of Gold for March 30, 2018

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Overview

Gold price resumes its downward trading now on its way to test 1,316.48 that represents our main anticipated target. Please note that it is important to monitor the price behavior until the mentioned level is reached as breaking it will extend the correctional bearish wave to reach 1,301.20 as a next station. In general, we still suggest the bearish trend unless the price managed to breach 1,335.40 and hold above it. The expected trading range for today is between 1,316.00 support and 1,335.00 resistance.

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