Technical analysis of gold for February 17, 2017

The price of gold is in a bullish short-term trend. The price has reversed from $1,216 and is trying to break highs recorded this year of $1,244.50. We might see a pullback but overall technical picture is bullish and our target of $1,280-$1,320 remains valid. Red line – resistance (broken) Black line – support Gold […]