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Forex News trade of the day Trade of the Day for March 21st – Long Gold

By Jamie Saettele

Commodity Analysis: Gold is nearing its first big test since longs were established in late February. 1620/25 might trigger a reaction (although I’d expect it to be minor). Stronger resistance is probably 1639-1652, which are former pivots that intersect trendlines starting next week. 1585-1600 is support.

Commodity Trading Strategy: Move risk up on longs to 1575, target still 1650