Intraday  Support: 1225, 1212, 1202, 1190                                                                    Intraday Resistance: 1237, 1243, 1250

Gold Forecast – Daily Chart Technical Analysisgold forecast daily 29-3-2016

The price formed a bullish hammer candlestick pattern yesterday, and that was followed by a rally today. The hammer was formed near the 50-days simple moving suggesting an attempt to resume the bullish trend is likely.

Gold Forecast for today: Bullish towards 1250 and 1258. As long as above 1220.

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