Gold Price Analysis

date: 16 March 2021

Gold and oil price are extremely related. As a result, Petrobon price analysis team provide gold price analysis in order to get a clearer view of oil price

The global ounce was able to move from 1,685$ to 1,725$ price last week after falling sharply due to rising US Federal Reserve bond efficiency
Gold seems to be able to reach significant 1742$ measure this week, Which in case of passing through this range, gold can reach 1765$ value, its most important resistance range in the last 3 months. probably Gold can reach 1,850$ in the medium term.