Gold Technical
Analysis for Mar 23 2015
The Gold prices rebounded above $1180 per ounce on the last Friday, which is the highest level since the beginning of March 6, and the greenback has been under selling pressure since last Wednesday on the Fed cautious statement and uncertainties about the US economic recovery.
Concerning the technical analysis, as we can see on the chart, the prices remain moving within a correction Bullish Flag, and then the Gold is expected to resume its recover toward $1186, which is considered as the main target of the prices, and a break above this level will open the door for further recover of the Gold toward $1193, and $1200 per ounce.
