Gold price suffers more losses – Analysis - 31-03-2021

2021-03-31 04:14:59 GMT (Economies.com)
 

Gold price confirmed breaking 1692.00 level after closing the daily candlestick below it, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to head towards our next target that reaches 1665.00.

 

The bearish channel continues to organize the suggested bearish wave, which gets good support by the EMA50, noting that breaching 1692.00 might push the price to achieve intraday gains that target testing 1730.00 before any new attempt to decline.

 

The expected trading range for today is between 1660.00 support and 1695.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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