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03.03.2021 04:20 PM
Analysis of Gold for March 03,.2021 - First downside target at the price of $1.708 has been reached. Next downside target is set at $1.680
ECB's Weidmann: Size of yield moves not 'particularly worrisome'

Not even the Bundesbank leader with mixed commentary

  • ECB ready to react to unwarranted tightening
  • PEPP is flexible, deposit rate cut is one of the ECB's tools
  • ECB looking at conditions beyond government bond yields

Action is coming on March 11 but the comment on the size of the yield run is interesting.

Further Development

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Analyzing the current trading chart of Gold, I found that Gold reached our yesterday's target at the price of $1,708 with strong volume and momentum.

Key Levels:

Resistance: $1,740

Support levels: $1,680

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