FX.co ★ Analysis of Gold for March 17,.2022 - Key pivot resistance at the price of $1.960

Technical analysis:

Gold is trading near important pivot resistance at the price of $1.960. Watch for the price action around this key pivot to confirm further direction.

Trading recommendation:

Buyers are in control for today but there is important pivot at the price of $1.957.

Watch for potential reversal pattern around key pivot at $1.957.

Selling opportunities are preferable with the downside objective at $1.930.

Support level is set at the price of $1.926