Daily analysis of Gold for April 10, 2018

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Overview

Gold price shows new attempts to breach 1335.40 now, which urges caution from the upcoming trading, as confirming the breach will open the way to turn to rise and regain the main bullish trend. Until now, we will keep the negative scenario unless the price settled above 1335.40, supported by stochastic negativity, reminding you that our main waited target is located at 1316.48. The expected trading range for today is between the 1316.00 support and the 1345.00 resistance.

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