What to Expect from Gold During U.S. Session? March 28, 2022

What to Expect from Gold During U.S. Session?

Today U.S. has scheduled to release Trade balance data at 1230 GMT/1800 IST. Trade in goods makes up about 75% of total trade, and therefore provides early insight into the Trade Balance data reported about 5 days later. A positive number indicates that more goods were exported than imported. Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation’s exports. Export demand also impacts production and prices at domestic manufacturers.

Let’s see how gold has reacted during the previous data release:

Feb 28:

Jan 26:

Let’s check out key headlines from Russia –Ukraine:

  • No ‘significant achievements’ so far in Russia-Ukraine talks: Kremlin.
  • Turkey faces risks acting as sanctions ‘safe haven’ for Russians.
  • Russia wants deal clarified before talks begin.
  • Kremlin says Joe Biden’s comments on Vladimir Putin a cause for concern.
  • Ukraine says pausing civilian evacuations, citing Russian ‘provocations’.
  • Kremlin confirms Russia-Ukraine talks will be held in Turkey this week, but are unlikely to get underway today: Reuters.

Source: Timesofindia

Technical View:


  • Gold weakens on Monday and stabilises around $1,930 mark.
  • Today pair made intraday high at $1,958 and low at $1,925 mark.
  • A triple EMA on a day chart is up and H1 chart suggest bearish trend for the time being.
  • A sustained close above $1,937 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $1,924 will check further supports.
$1,924 $1,937
$1,918 $1,942
$$1,912 $1,948
$1,908 $1,954
$1,901 $1,960

Take a look and do trade wisely!
Good Luck

Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts



Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Mail us

Drop mail at:

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Limited is registered and regulated by FINANCIAL SERVICES COMMISSION (FSC) MAURITIUS with a registration number GB21026474

TP Global FX Limited is registered and regulated by Financial Services Commission, Mauritius with a registration number GB21026474

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

mappin at-sign phone close