End of day analysis for Gold 16-03-2018

Gold price fluctuates below 1316.48 level after breaking it in the previous sessions, which might cause turn at the intraday trend to decline, as the next negative target is located at 1301.20, and the decline will be confirmed in case the price succeeded to close the daily candlestick and open next week below 1316.48.

Therefore, it is important to monitor the upcoming trading to confirm the next destination clearly, noting that breaching 1316.48 and holding above it again will reactivate the bullish trend scenario that its first target located at 1335.40.