Thursday 18th 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.
Wednesday 17th March 2021: Technical Outlook and Review
On the 4H timeframe price drifted sideways and technical outlook remains unchanged. Price is still holding below the moving average and 1740 resistance.
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.
US Daylight Savings & Server Time Changing to GMT+3
Dear Trader, On Sunday the 14th of March, IC Markets Trading servers will move forward by one hour from GMT+2 to GMT+3 as parts of the US will enter daylight savings.
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.
