FX.co ★ Daily analysis of GOLD for March 30, 2016

Overview

According to the attached H4 chart, we see that the gold price has been trading sideways in a tight range since morning. The price remains confined between the confirmation levels represented by the 1,227.40 support and the 1,241.50 resistance, where the price needs to breach one of them to detect its next trend clearly. Therefore, we keep our neutral attitude for now.

The expected trading range for today is between the 1,205.00 support and the 1,260.00 resistance.