Gold technicals March 18, 2015

Gold is trading close to 4-month lows. The gold metal has been trading mostly in a range between $1,200 and $1,400 in the last two years. A sustained break below the 5-year low of $1.130, that dates back to November, could open the door to $1,000 per ounce in the next months. Otherwise, if support holds, a revisit to the upper end of the trading range is on the cards.

Gold monthly chart


Chart from