Today’s gold price market trading analysis
https://www.tradingview.com/x/lR16P7lZ/
On Wednesday (March 20), spot gold was trading below $2,160 per ounce at the beginning of the European market. Investors are cautiously awaiting the Federal Reserve's monetary policy statement. However, the market remains cautious about gold's near-term upside. If Powell makes dovish remarks again, gold is expected to usher in a new rally.
But from a short-term perspective, according to the 4-hour chart, gold prices are currently trading around $2,155 per ounce, and although below the mildly bearish 20-period SMA, a deeper decline remains unclear. The longer-term moving averages continue to rise, but technical indicators remain at negative levels, lacking clear directional strength signals.
Gold prices will continue to fluctuate within a narrow range. It is particularly important to grasp the rhythm at this time.
The latest important support and resistance levels for gold prices:
Support level: $2145.10;
Resistance level: $2163.40;
I am more inclined to go long at low prices, going long around $2150
Always pay attention to my signals to make the right choice from them.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
On Wednesday (March 20), spot gold was trading below $2,160 per ounce at the beginning of the European market. Investors are cautiously awaiting the Federal Reserve's monetary policy statement. However, the market remains cautious about gold's near-term upside. If Powell makes dovish remarks again, gold is expected to usher in a new rally.
But from a short-term perspective, according to the 4-hour chart, gold prices are currently trading around $2,155 per ounce, and although below the mildly bearish 20-period SMA, a deeper decline remains unclear. The longer-term moving averages continue to rise, but technical indicators remain at negative levels, lacking clear directional strength signals.
Gold prices will continue to fluctuate within a narrow range. It is particularly important to grasp the rhythm at this time.
The latest important support and resistance levels for gold prices:
Support level: $2145.10;
Resistance level: $2163.40;
I am more inclined to go long at low prices, going long around $2150
Always pay attention to my signals to make the right choice from them.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Zlecenie aktywne
Enter my channel to get the latest trading signals, making it easier for you to make profitsZlecenie aktywne
The price of gold continues to fall and is about to bottom outZlecenie aktywne
Gold prices continue to fluctuateZlecenie aktywne
Wait for a good opportunity to buyZlecenie aktywne
Keep waiting for a good time to buyZlecenie aktywne
VIP clients who followed my signals have profited significantlyZlecenie aktywne
Gold prices surged higher before falling back
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