FX.co ★ Technical analysis of Gold for March 17, 2014.

Technical outlook and chart setups:

1. Gold continues to take out resistance levels at the moment and is just shy of the $1400.00 mark. A major retracement is still awaited to enter long. It is recommended to remain flat for now and look to buy lower around $1,250.00 levels.

2. Immediate resistance is at $1,395.00, followed by $1,410.00/13.00, while supports are spread through $1,310.00, followed by $1,280.00, $1230.00/40.00 and lower respectively.

3. The structure reveals that Gold needs to retrace lower, before resuming the next bull leg. $1,250.00 remains levels of interest here.

Trading recommendations:

Remain flat for now. Look to buy low.

Good luck!