UPDATE Gold Chart Analysis for March 2020 | Not a Safe Haven Anymore

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The gold uptrend that we’ve been witnessing throughout 2020 so far seems to have finally come to a halt. Following the surprise rate cuts announced by the Federal Reserve earlier this month, gold trading has slowed down. In fact, we even saw the gold price in March 2020 fall as low as $1470.

The drop is now turning out to be sustained, though, as sellers were quick to continue offloading, making a long term gold analysis quite hard. Currently a gold price analysis has to be foused on the stock market and the expectation of the G7 and the response of the EU Finance Ministers’ to the coronavirus pandemic.

Both of these events will be sure to impact the dollar trades, and that will without doubt also reflect on the gold price forecast for the immediate future.

Watch our full report on the gold price today and see what potential scenarios we may be facing with the gold chart analysis in the coming weeks and months.

Let us know what you thought about our gold chart analysis for March 2020 in the comment section below! And if you haven’t already, be sure to subscribe to the channel for regular updates on the price of gold.

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