Daily Technical Analysis Of XAUUSD - Wednesday, March 15

brass metal frame

Image Source: Unsplash
 

Spotlight on gold. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.
 

Gold

Looking at the gold chart, we can see that the metal picked above the level of $1900 and has corrected to the current price of $1888. The support level is located at around $1873 and today it is expected to stay above that level until 14:30 when the US’ PPI and core retail sales will be announced, which will play a significant part in its direction.

(Click on image to enlarge)

AAATrade's Daily Technical Analysis of XAUUSD - 15/03/2023


More By This Author:

Daily Technical Analysis Of USDJPY - Tuesday, March 14
Technical Analysis Of Lennar Corporation - Tuesday, March 14
Qualitative Analysis: The Source Of Inflation, And A Minskian Dilemma

Disclaimer: We also offer CFD products. 71.19% of retail CFD accounts lose money. CFDs trading is risky and your entire capital might be at risk. Information presented herein, is not to be ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with