End of day analysis for Gold 24-03-2017

Gold price succeeded to breach the bullish flag resistance line mentioned in today's reports and settled above it, to get positive motive that reinforces the expectations of continuing the bullish trend on the intraday and short term basis, paving the way to head towards our next main target at 1263.17.

Therefore, the positive scenario will remain valid efficiently for the upcoming period unless breaking 1231.13 level and holding below it, noting that stochastic keeps providing the positive signals that support the expected rise.