FX.co ★ Daily analysis of GOLD for March 14, 2016

Overview

The gold price shows some positive attempts now approaching from the 1,263.23 level as the price gains positive momentum in the four-hour time frame. So the price is likely to rally towards our next target located at 1,300.00. Thus, we will keep our bullish overview for the upcoming sessions as long as the price is above the 1,238.00 level. A break of this level followed by 1,212.34 will stop the positive overview and put the price under negative pressure on the short-term basis.

The expected trading range for today is between 1,238.00 support and 1,280.00 resistance.