Gold surpasses the moving average – Analysis - 14-03-2018

Gold price achieved good gains yesterday and settled above the EMA50, to get good support base that reinforces the chances of continuing the rise on the intraday and short term basis, waiting to test 1335.40 level as a first station, reminding you that breaching this level will extend the bullish wave to reach the recently recorded top at 1365.97.

Therefore, we are waiting for more rise in the upcoming sessions conditioned by the price stability above 1316.48.

Expected trading range for today is between 1315.00 support and 1345.00 resistance.

Expected trend for today: Bullish