FX.co ★ Daily analysis of Gold for May 15, 2018

Overview

Gold price ended yesterday's trading below 1,316.48. The price remains under negative pressure in the upcoming sessions. The gold price aims to test 1,301.20 level mainly. Therefore, the bearish bias is suggested for today unless the price manages to breach 1,316.48 level and hold with a daily close above it again. The expected trading range for today is between 1,300.00 support and 1,320.00 resistance.