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Video: Updated Gold Price Analysis for March 2021 – Rebound or Just a Correction?

In the present video, David Jones from Capital.com provides his updated forecast for gold in March 2021. He starts the video with fundamental analysis, explaining what factors were behind the 15% pullback from the record highs reached in August and what events will affect gold prices in the future. With monetary policy announcements from several major central banks, this week can be very impactful on gold. Next, David turns to technical analysis, listing the major support and resistance levels, showing charts and technical indicators, and trying to assess where prices may go next. In the end, David prefers to remain a buyer. But with the medium-term trend being downside, he decides to be patient and wait for a confirmation that bullion has built a base.

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Published under: Forecasts, Gold, Trading Videos

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