FX.co ★ Daily analysis of GOLD for March 04, 2016

Overview

The gold price managed to breach the 1,263.23 level and closed the last four-hour candlestick above it. This supports the continuation of our bullish overview efficiently for the upcoming period and opens the way to 1,300.00 as the next main station. Therefore, we still suggest the bullish trend on the intraday and short-term bases. Remember that holding above 1,234.40 and 1,212.34 levels is important to continue the expected rise.

The expected trading range for today is between 1,240.00 support and 1,300.00 resistance.