Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Wire
Gold Weakens in Early Trade
March 27, 2020 - (Gold Market Wire) - Gold is coming under pressure in the Far East as the market prepares for an important Friday. We are at a crossroads, and it will be resolved before long. The support just above $1595 needs to hold, and the chart formation shows the convergence of challenges.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/5e7da8d7d9397c9e51686afc_SS%203%2027%2020%202x.png)
It's shaping up for an interesting day. Gold needs to get a move on today, or the challange at $1595.5 will be faced. If it fails, the market will head down.
Strategy wise, there is little to be gained from risk/reward in the market. The sidelines seem a good place to be.