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Evening update for gold -16-03-2026
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Evening update for gold -16-03-2026
Mar 16, 2026 10:43 AM

Golds price continued its fluctuating trading on its last intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, with the trading alongside minor bearish trend line on the short-term basis, intensifying the surrounded negative pressure, on the other hand, the main support of $5,000 remains stable against the downside movement, gaining renewed momentum that reinforces the emergence of the positive signals from the relative strength indicators, after reaching oversold levels.

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