Analysis of Gold for March 03,.2021 – First downside target at the price of $1.708 has been reached. Next downside target

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Analysis of Gold for March 03,.2021 - First downside target at the price of .708 has been reached. Next downside target

Analysis of Gold for March 03,.2021 – First downside target at the price of $1.708 has been reached. Next downside target

ECB’s Weidmann: Size of yield moves not ‘particularly worrisome’

Not even the Bundesbank leader with mixed commentary

  • ECB ready to react to unwarranted tightening
  • PEPP is flexible, deposit rate cut is one of the ECB’s tools
  • ECB looking at conditions beyond government bond yields

Action is coming on March 11 but the comment on the size of the yield run is interesting.

Further Development

Analysis of Gold for March 03,.2021 - First downside target at the price of .708 has been reached. Next downside target

Analyzing the current trading chart of Gold, I found that Gold reached our yesterday’s target at the price of $1,708 with strong volume and momentum.

Key Levels:

Resistance: $1,740

Support levels: $1,680

The material has been provided by InstaForex Company – www.instaforex.com

Source : https://www.fx.co/forex_analysis/quickview/210080/