Gold Starts With Negative - Analysis - 03-08-2017
The price of gold opens today with a significant negative to retest the previously breached neckline of the upside-down head and shoulders pattern, noting that the SMA 50 provides positive price support to protect the price from further losses while Stochastic is providing bullish bullish signals on the time frame For four hours.
From here, these factors encourage us to continue to tilt the bullish trend over the coming period, noting that our main targets are 1295.37 and 1312.00, stability above 1254.56 is the most important condition to achieve.
The trading range for today is among the support at 1254.00 and resistance at 1280.00
The general trend for today is bullish
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