FX.co ★ Daily analysis of Gold for February 15, 2017

Overview

The price did not show any strong move since morning. It is fluctuating within tight range settling above the level of 1,221.50. Thus, there is no change on our bullish trend scenario that depends on holding above the mentioned level and above 1,211.31. Thus, supported by stochastic it is heading towards the oversold areas, reminding you that our main waited target is located at 1,249.94. The expected trading range for today is between 1,217.00 support and 1,240.00 resistance.