Midday update for Gold 29-03-2021
Economies.com
2021-03-29 09:25AM UTC
Gold price shows negative trades to approach the key support 1720.00, and as we mentioned this morning, this level represents one of the next trend keys besides 1740.00 resistance, as the price needs to breach one of these levels to detect its next targets clearly.
Therefore, we will continue to suggest the sideways move until we get clearer signal for the next trend, noting that the expected targets after the breach are explained in our morning report.
The expected trading range for today is between 1710.00 support and 1750.00 resistance.
The expected trend for today: Sideways
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