Charts of the Week - How Far Can The Gold Rally Go?

XAU/USD

* Gold has been benefiting from the risk-off sentiment in equity markets + Dollar weakness

* As risk appetite is now slowly improving, Gold may face difficulties extending the rally in the near-term

* Techs remain bullish overall, but the Weekly RSI has moved into overbought territory

* Heavy resistance expected in the area between $1365 and $1375

GER30 

* The DAX is struggling to find a direction

* From a technical perspective, the index is currently in a neutral territory between 10.850 and 11.400 points

* It would need a clear break above 11.400 points for bulls to gain the upper hand, and to pave the way for further gains

* On the other side, bulls need 11.850 support to hold or the recovery rally could end soon

GBP/USD 

* Cable has been rallying today on a short squeeze

* Outlook for the currency remains uncertain amid the on-going drama around Brexit

* Volatility likely to increase even more towards the end of March

* GBP/USD likely to face heavy resistance around the 200 DMA at 1.3010, as well as 1.3200/20

The information provided here has been produced by third parties and does not reflect the opinion of AxiTrader. AxiTrader has reproduced the information without alteration or verification and does not represent that this material is accurate, current, or complete and it should not be relied upon as such. The Information is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any trading strategy. Readers should seek their own advice. Reproduction or redistribution of this information is not permitted.