FX.co ★ Analysis of Gold for March 15,.2021 - Resistance at the price of $1.730 on the test

Canadian housing starts for February 2021

• Prior was 282.4K
• Single-detached homes -9.3% vs +36.8% prior
• Multiple starts -15.8% vs +23.9% prior
• Seasonally adjusted starts -13.5% vs +22.7% prior

Further Development

Analyzing the current trading chart of Gold, I found that there is overbought condiiton and strong resistance at the price of $1,730 on the test.

Key Levels:

Resistance: $1,730

Support level: $1,700 and $1,680