FX.co ★ Daily analysis of GOLD for March 22, 2016

Overview

According to the shown H4 chart, the gold price is likely to visit the 1,300.00 barrier as the next main station. A break of the 1,227.40 level will put the price under bearish correctional pressure again and make it head towards 1,193.00, which represents 38.2% Fibonacci for the upside track measured from 1,047.60 to 1,282.90. The expected trading range for today is between 1,230.00 support and 1,270.00 resistance.