19 Mar Tuesday Daily Outlook

News on highlight - Cyprus Deal

Technically Gold price is holding up, supported by fundamentals like Cyprus bail-out deal.

As can be seen in image, price has broken and holding the middle of the channel but right at 78.3 % level of Fibonacci, which, for now is acting as a resistance. If this level is broken, further upmove can be seen.

On downside, for now, 38590 and 38425 should provide some support initially.

Happy and Safe Trading :)