Gold Gold Daily Video, March 18, 2021

[Sive Morten]

Good morning,

Fed statement has provided just temporal relief and let interest rates to keep upside tendency. It means that any upward action on gold market looks doubtful and tricky. With this environment we do not consider taking long position on gold:

 

[Brett Reynolds]

$1765 area is still in my mind..but it looks like next week we could reach this area!? Gold would need to close and hold above this level on weekly/Monthly chart for me to change my mind about 'Bearish context'!

 

[davtrent55]

Thanks for the update