Gold price crawls upwards – Analysis - 16-03-2021

2021-03-16 05:09:02 GMT (Economies.com)
 

Gold price continues to rise calmly to approach 1735.00, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the negative scenario active, as breaching it will push the price to achieve more rise that targets 1752.00 followed by 1765.00 levels before turning back to decline again.

 

Until now, the bearish trend scenario still valid unless breaching 1735.00 and holding above it, reminding you that our first main target is located at 1692.00.

 

The expected trading range for today is between 1700.00 support and 1745.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2064
0.0011
0.0908%
1.3899
0.0005
0.0345%
Tadawul
10228.35
-26.53
0.26%
27.328
0.809
3.053%
64.825
0.915
1.432%
68.16
-0.80
1.16%
1814.335
24.750
1.383%
 
 
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