Mon, 14 Mar 2016 15:35:03 GMT
XAU/USD 1H Chart: Channel Up
The base scenario for gold implies an advance, after the current leg down is completed by the end of Monday. As it resumes growing up, the first major obstacle will be located between 1,257 and 1,261. Here gold is going to meet the weekly and daily pivot points, as well as the simple moving averages on all basic time frames.