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.
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
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