End of day analysis for Gold 22-03-2017

Economies.com
2017-03-22 20:15PM UTC

Gold price continued its positive trading to test 1250.00 barrier, showing some slight bearish bias by today's end affected by stochastic negativity, waiting to get enough positive momentum to push trading to continue the overall bullish trend.

 

Therefore, the positive scenario will remain valid on the intraday and short term basis unless breaking 1231.13 level and holding below it, waiting to head towards 1263.17 that represents our next main target.

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