Technical analysis
Gold Wave Analysis 29 March, 2021
March 29, 2021 @ 18:00 +03:00
![Gold Wave Analysis 29 March, 2021 Gold Wave Analysis 29 March, 2021](https://fxpro.news/wp-content/uploads/2020/03/Gold5.jpg)
• Gold falling inside impulse wave (3)
• Likely to reach support level 1675.00
Gold continues to fall inside the intermediate impulse wave (3), which started earlier from the resistance level 1755.00 (former multi-month support level from November).
The price is currency approaching the support level 1700.00 (low of the previous minor correction B).
If Gold breaks the support level 1700.00 – the price will then most likely fall to the next support level 1675.00 (low of the previous intermediate impulse wave (1)).
![](https://fxpro.news/wp-content/uploads/2021/03/xauusd-primary-analysis-mar-29-1729-pm-1-day-1024x479.png)