Technical analysis of gold for April 3, 2017

GOLD price continues to trade below important resistance of $1,250-55 inside a bearish channel. Gold could continue towards $1,240 but overall we remain bullish looking for $1,300-$1,320 over the next couple of weeks. Red lines – bearish channel Short-term resistance is found at $1,252-55 area. Support is at $1,240. If resistance is broken I would […]