FX.co - Analysis of Gold for March 03,.2021 - First downside target at the price of $1.708 has been reached. Next downside target is set at $1.680

2021-03-03T14:20:52

Relevance until2021-03-04

ECB's Weidmann: Size of yield moves not 'particularly worrisome'

Not even the Bundesbank leader with mixed commentary

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 $1.708 has been reached. Next downside target is set at $1.680

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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic