Gold has closed the last full week of a turbulent March around $1,626. How is it positioned as further coronavirus news is set to rock markets in a new week?
The Technical Confluences Indicator is showing that significant support awaits at $1,625, which is the convergence of the Simple Moving Average 10-4h, the SMA 100-15m, the Bollinger Band 15min-Middle, the SMA 5-1h, and the Fibonacci 61.8% one-day.
The next cushion is at $1,619, which is the meeting point of the Fibonacci 23.6% one-day and the BB 1h-Lower.


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