Daily analysis of Gold for April 13, 2018

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Overview

Gold is going on trading higher with the aim of moving away gradually from 1,335.40 level. This keeps the bullish scenario valid for the rest of the day, supported by stochastic positivity. Let me remind you that our next main target is located at 1,365.97, while breaking 1,335.40 represents the negative factor that will push the price to decline towards 1,316.48 before any new attempt to rise. The expected trading range for today is between 1,330.00 support and 1,370.00 resistance.

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