End of day analysis for Gold 28-03-2017

Economies.com
2017-03-28 20:08PM UTC

Gold price traded with clear negativity to break the intraday bullish channel's support and push on 1250.00 level in attempt to break it, which urges caution from the upcoming trading, especially tomorrow's opening, as holding below it will push the price to head towards 1231.13 before any new attempt to rise.

 

Therefore, it is important to monitor the upcoming moves to confirm the next trend clearly, noting that the price needs to breach 1256.00 level to support the chances of regaining the bullish trend again.

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