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22.03.201917:08 Forex Analysis & Reviews: Analysis of Gold for March 22, 2019

Long-term review
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Gold has been trading upward during the past 20 hours but the upward movement may come to the end.

Exchange Rates 22.03.2019 analysis

According to the M30 time – frame, we found that bearish flag in our opinion it is just question of the time when we will see the down break. Intraday support level at the price of $1.308.80 will be critical. Breakout of the support would confirm potential testing of the $1.303.90 and $1.298.00. Key resistance from the other side is seen at the price of $1.319.45.

Trading recommendation: We are watching for selling opportunities with targets at $1.303.90 and $1.298.00.

Petar Jacimovic
Analytical expert of InstaForex
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