Midday update for Gold 19-03-2021

Gold price attempted to breach 1739.50 level but it didn’t settle above it, to keep the price confined between the trend keys represented by the mentioned resistance and 1725.00 support, to keep our neutrality valid until we get clearer signal for the next trend.

We remind you that breaching the mentioned resistance will push the price to achieve new gains that start at 1765.00 followed by 1800.00, while breaking the support will put the price under negative pressure that its next main target located at 1692.00.

The expected trading range for today is between 1710.00 support and 1755.00 resistance.

The expected trend for today: Neutral