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    Daily analysis of GOLD for February 23, 2016 2016-02-23

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    Overview

    The gold price still trades steadily above 1,212.34 levels, keeping the chances available for continuing the upside track on the intraday and short-term bases, waiting for breaching the 1,227.50 level to reinforce the expectations for heading towards the bullish wave targets that begin at 1,263.23 and extend to 1,300.00. Therefore, our bullish trend expectations will remain valid and active conditioned by holding above 1,180.00 levels.

    The expected trading range for today is between 1,200.00 support and 1,250.00 resistance.


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