Gold Analysis – 21.Mar.2024
Gold Analysis: : By examining the gold chart in the daily time frame, we can see that the price could not fall to lower levels after falling to $2146, and Jerome Powell, the head of the Federal Reserve, indicated a possible reduction in interest rates by the end of 2024 by three quarters of percent contingent on further economic data! After this speech, we saw the strong growth of gold and we saw that gold grew from $2146 to $2222! If the price closes above the $2195 resistance by the end of the week, we can expect more growth from gold! The medium-term upward targets for gold are $2284, $2323 and $2374, respectively! Pay attention, there are important news in the market today, which can bring the price with extreme fluctuations!
(This Post on TradingView)
Author : Arman Shaban
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