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4/19/2017 12:56:42 AM

Gold - Technical Analysis: Wednesday, 19/04/2017 04:56 GMT



Gold price managed to surpass the bullish flag resistance to get good positive motive that supports the continuation of the expected bullish trend, waiting for more rise in the coming period, as our first target is located at 1305.00, while the positive targets extend to reach 1350.00 on the near term basis.

The stability above 1270.94 is important to continue the bullish trend, and breaking it will push the price to turn its intraday track to decline.


Target
Risk


Support
Resistance


Trend Bullish

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