Daily analysis of Gold for April 06, 2018

analytics5ac79c68d6d7d.png

Overview

Gold price resumes its downward bias to approach our main waited target at 1,316.48. Let me remind you that breaking this level will push the bearish wave to reach 1,301.20 as a next station. In general, the expected decline will remain valid unless breaching 1,335.40 level and holding with a daily close above it. The expected trading range for today is between 1,316.00 support and 1,345.00 resistance.

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