Swiss March Gold Exports Drop 27% M/M as Deliveries to the US Decrease
Swiss gold exports fell by 27% in March compared to the previous month, with deliveries to New York slowing down after a surge in recent months, according to Swiss customs data released Thursday.
Switzerland is the world's largest gold refining and transit hub, alongside Britain, which hosts the world's biggest over-the-counter gold trading market.
Technical Overview: The price reached a new all-time high (ATH) and is now consolidating between 3307 and 3349. A close above 3349 on the 1-hour chart would support a bullish move toward 3376 and 3395. However, if the price remains below 3348, the market will likely stay bearish. A close below 3307 on the 1-hour chart would strengthen the bearish trend, with a target of 3240.
Support: 3307, 3240, 3195
Resistance: 3349, 3376, 3395
Swiss gold exports fell by 27% in March compared to the previous month, with deliveries to New York slowing down after a surge in recent months, according to Swiss customs data released Thursday.
Switzerland is the world's largest gold refining and transit hub, alongside Britain, which hosts the world's biggest over-the-counter gold trading market.
Technical Overview: The price reached a new all-time high (ATH) and is now consolidating between 3307 and 3349. A close above 3349 on the 1-hour chart would support a bullish move toward 3376 and 3395. However, if the price remains below 3348, the market will likely stay bearish. A close below 3307 on the 1-hour chart would strengthen the bearish trend, with a target of 3240.
Support: 3307, 3240, 3195
Resistance: 3349, 3376, 3395
~6 analyses per day. With a clear Entry, Target, and stop-out Point
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
~6 analyses per day. With a clear Entry, Target, and stop-out Point
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.