GOLD: CANDLES SPEAK: 17.03.2021

As projected yesterday, market seems to have made the decision about gold.

The agenda does not change:

The next major targets would be:
– close above the daily 20 EMA line (done on March 16);
– form a daily 8/20 bullish cross;
– close the weekly print above 1757.40 1760.02*; this would confirm the mid/long-term trend reversal.

* I changed Gold Futures to Gold Spot chart, thus the level adjustment. The latter provides better continued data.

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