Gold is around 1733-1736 to wait for US Retail Sale report

Gold tested the 1700-1703 last Friday and then went to close around 1726-1728. Gold is making a correction because the 1.9 trillion stimulus package officially got approved.

Today, Mar 16 2021, gold is testing the 1733-1739 to wait for US Retail Sale report at 12:30 GMT. US-Retail-Sale-Gold-Price-Mar-16-2021

The 1733-1739 is an important resistant zone for gold up trend. Gold will be sold off to 1701-1703 if gold cannot break the 1733-1739 or it will go to 1743 or 1759 after the US Retail Sale report release. Today’s key event: US Retail Sale at 12:30 GMT Gold Support Zones: 1716-1718, 1700-1703, 1676-1680

Gold Resistant Zones: 1736-1739, 1759-1761

Would you like to trade gold like a Pro? Please Click Here to learn how to make $16,000 profit in 4 months

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *