Gold Market Analysis and Strategy for the US Session (March 18th

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Currently, gold is undergoing a period of consolidation. We are watching the resistance level around 5065, with a key short-term resistance at 5100-5120. Support is seen around 4960-4965. Trading should focus on range-bound movement.

Gold Short-Term Trading Strategies:

1. Buy gold on a pullback to 4965-70, with a stop-loss at 4957 and a target of 5068-5070. Hold if the price breaks through.

2. Sell gold if it rebounds to 5065-5080 but fails to break through. Add to the short position on a rebound to 5100-100, with a stop-loss at 5127 and a target of 4985-5000.

Feragatname

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