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

Daily analysis of Silver for March 30, 2018

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Overview

Silver price showed a clear break to 16.45 level and settled below it and continues trading sideways as appears on the above chart. This makes us suggest that we see more sideways trading until the price manages to surpass one of this range's lines represented by 16.15 support and 16.80 resistance. Note that breaking the mentioned support will push the price to visit 15.49 level mainly. On the other hand, breaching the resistance will allow the price to regain the main bullish track with the next target located at 17.43. The expected trading range for today is between 16.20 support and 16.60 resistance.

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