Update Gold – 17 March 2021

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Market trying to stabilize after the fall last month.
→ very important support at 1680 US$;
→ this week if the market closes above 1700, our trading system will close its short position (opened at 1810 on mid-February);
→ next resistance set at 1760 US$: above this level possible a rally up to 1840.

On daily chart our trading system is flat (i.e. short position closed at 1720 on 10th March).
→ very likely a buying sign above 1745;
→ main support at 1685.

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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.

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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.

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