Do gold prices stabilize in the remainder of March? .. Here are expectations

The price of gold stabilized during the past hours at the level of $ 2930 an ounce, achieving a failure to rise, which increased the risk of stumbling or falling at a support area around 2833 dollars and then $ 2810 during the month of March, according to the American FX Street platform.

Gold tries to withstand

Gold continued to withhold attempts at the end of last week and the beginning of this week in the previous hours of trading, as it continued to enhance its values ​​and test the resistance at $ 2930, putting the range of tight strengthening of its price, which continued to drop for a period of four days.
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Gold ended the Friday session in a relatively weak position in the lower half of the trading range and below the moving average for 20 days to hover at $ 2911 an ounce.

Gold expectations in March

During the coming days of this month, there will be an attempt to penetrate to a new high level, and the penetration can lead to positive moves, but this does not remain certain.
In contrast to the previous offering, it is also expected that gold will witness a decrease this week in light of the declining decline in last week, uninterrupted the high standard at 2956 dollars.

A declining pattern in gold prices

The victorious week ended with a declining style, as gold fell below the level of support recorded by the previous two weeks and ended the week in a declining position.
Gold this week tests the previous support line as a resistance, and for this analysts offer two main levels of prices between the lowest level for the week at 2855 dollars and the highest level of $ 2930.
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On the negative side, if gold fails to climb, it may reach 2833 dollars and from it to the level of $ 2813 and to $ 2810.

Gold prospects are positive in the long run

But in the long run, the price of gold remains positive, as it pays commercial wars along with the increasing global debt investors to the precious metal.
Gold prices have increased by more than 12% since the beginning of the year and continue to record high levels of high levels.
“The state of universal uncertainty is one of the reasons that push investors towards the precious metal, so I think we lived in a world where we had much greater certainty compared to what we have today.”
In particular, he referred to the customs duties imposed by US President Donald Trump, which are likely to lead to inflation, and investors monitor the concern of the reprisals that may be taken by the affected commercial partners.