Technical analysis of gold for March 31, 2017

Yesterday GOLD continued the pullback and is trading above $1,240 near the 38% Fibonacci retracement of the latest rise from $1,194 to $1,261. Short-term trend is bearish, but it is expected to reverse soon. Red lines – bearish channel The price has entered the 4-hour Ichimoku cloud. This changing trend will back to neutral in […]