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GOLD remains strong despite higher US yields – GOLD Market Outlook – 19/03/2021

SquaredFinancial

US10Y yields topped 14-month highs, touching the 1.75% handle as inflation fears took a back seat and the greenback gained ground, pushing the yellow metal lower towards our support targets at 1730 and 1718. Technically, the uptrend set in motion on March 8th continues to be respected, further supported by the 20, 50, and 200 period SMA with an hourly close above $1740 resistance to favor further upside with $1754 as next target.

Support: 1730 / 1718
Resistance: 1740 / 1754

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/gold-remains-strong-despite-higher-us-yields-gold-market-outlook-19-03-2021
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