Gold prices will fluctuate strongly on this news-filled day

20 มี.ค.

GOLD three nowadays appears to be jogging across the region from 2146>2162.
Tonight at 1 o`clock there might be FOMC information. In addition, this week there has been additionally a variety of sturdy information that affected the market.
>With the Current Price Trend, Everyone Continues to Watch Sell Gold Following the Trend Around Area 2159>2162
SL 2164
TP 2150>214x
**Note: If Gold does now no longer destroy thru Zone 2146 nowadays, you could Buy Surf in step with the response zones from 2146>2150.
Like Today's Price Plan, if Gold breaks thru Zone 2164, it's far in all likelihood that the rate fashion will opposite to the Buy side. So all buyers need to control their capital.
If there may be any new information, I will replace more 😊😊

----------NEWS------------------
According to Kitco, gold charges are below stress however keeping aid around $2,one hundred fifty as housing production withinside the US multiplied 10.7% in February.

Residential production rose 10.7% closing month to an annual charge of $1.521 million, the Commerce Department stated. This year, housing production multiplied 5.nine percent, the document stated.

The gold marketplace did now no longer react a whole lot to the today's housing marketplace statistics because it persevered to look a few sturdy promoting stress. April gold futures closing traded at $2,157.70 in line with ounce, down 0.30% at the day.

The marketplace is looking ahead to a clearer stance from the United States Federal Reserve (FED) on lowering hobby prices at its assembly this week. In theory, if hobby prices do now no longer lower, the USD will boom in value, negatively affecting the fee of gold. However, this professional predicts that no hobby charge cuts can be made, and gold charges will preserve to boom.

The marketplace is watching for new revelations approximately the FED`s subsequent direction, particularly the predicted time to begin slicing running hobby prices and the predicted degree of cuts this year.

Adrian Day - Chairman of Adrian Day Asset Management, stated that gold charges are displaying symptoms and symptoms of healing because the FED and imperative banks put off slicing hobby prices. The marketplace waits for sure indicators from imperative banks withinside the close to future.

Meanwhile, Bob Haberkorn - senior commodity dealer at RJO Futures, stated that gold charges are very touchy to inflation statistics. This is crucial statistics for the FED to determine while to regulate hobby prices this year.

Marc Chandler - Managing Director at Bannockburn Global the Forex market believes that gold charges can also additionally lower this week. From breaking the fee degree of 2,one hundred fifty USD/ounce, gold fee can go back to 2,a hundred thirty or maybe 2,one hundred ten USD/ounce. However, he's involved approximately the opportunity that gold charges can also additionally fall to 2,one hundred USD/ounce