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Gold Technical Analysis

Tech analysis by Simon Kazinsky on 16:49 March 29, 2016 EST

Gold has been stable in the range between 1,000 and 1,200/oz for months.

The metal has been able to show some strength lately and, at the very least, has set a multi month low at 1,050. At the same time it has recently found support at 1,200 which had acted as a resistance previously.

My outlook has changed now to neutral and it will be revised to bullish if the yellow commodity manages to close above 1,300/oz as this is the last resistance that has to give way.