FX.co ★ Daily analysis of Gold for March 27, 2018

Overview

Gold price is affected by stochastic current negativity to show some bearish bias now, but the EMA50 is still carrying the price from below. As a result, this keeps the chances valid to extend the expected bullish trend for today with targets set from 1,365.97 initially. Therefore, we will keep our bullish outlook on condition of the price stability above 1,335.40. Let me remind you that breaching the targeted level will push the price towards 1,400.00 on the near-term basis. The expected trading range for today is between 1,340.00 support and 1,370.00 resistance.