Tuesday 16th March 2021: Technical Outlook and Review
On the weekly timeframe, gold is currently holding between 1774 resistance and 1670 support. Long term traders should continue to watch these two levels as a break of either will see price swing in that direction.
Monday 15th March 2021: Technical Outlook and Review
On the weekly timeframe, gold is currently holding between 1774 resistance and 1670 support. Long term traders should continue to watch these two levels as a break of either will see price swing in that direction.
Friday 12th March 2021: Technical Outlook and Review
On the weekly timeframe, gold is currently holding above 1670 support which is in line with key 61.8% Fibonacci retracement level. A weekly close above this support level could possibly see a further bounce next week.
Thursday 11th March 2021: Markets gain as inflation fears cool
Asian stock markets are mostly higher on Thursday, following positive cues overnight from Wall Street.
Thursday 11th March 2021: Technical Outlook and Review
On the weekly timeframe, gold currently holding above 1670 support which is in line with key 61.8% Fibonacci retracement level. A weekly close above this support level could possibly see a further bounce next week.
Tuesday 9th March 2021: Technical Outlook and Review
On the weekly timeframe, gold pushed lower towards 1670 support which is in line with key 61.8% Fibonacci retracement level.
Monday 8th March 2021: Technical Outlook and Review
On the weekly timeframe, gold pushed lower towards 1670 support which is in line with key 61.8% Fibonacci retracement level. A weekly close above this support level could possibly see a bounce next week.
Friday 5th March 2021: Powell’s comments go the wrong way
Global Markets: Asian Stock Markets : Nikkei down 0.23%, Shanghai Composite […]
Friday 5th March 2021: Technical Outlook and Review
Looking at the weekly chart, we can see that prices broke our ascending trend line and key support level at 1.20000, where we could see a further downside before prices reach the next support target at 1.16000, which coincides with graphical swing low support level.
