Gold: On Daily chart Price is above the Ichimuko Cloud , suggesting the bullish trend on Daily . 50 DMA is at 1875 as a strong price support. As per structure, price is moving up after the Bullish Flag breakout.
Current price action suggest Support levels are 1915 & 1900. Below this 1885 & 1872-75 as Medium & strong support retrospectively. I expect price to continue journey as per technicals supporting Bullish trend. Chart is shared for potential price action.
On fundamental end SVB collapse and Credit Suisse crises is acting positive for Gold demand as safe heaven. Now eyes on FOMC March 22nd where a smaller rate hike is expected under the aforementioned circumstances. 1960 is the target i am eying at.
Do comment on the idea and odds.
Keep winning
Current price action suggest Support levels are 1915 & 1900. Below this 1885 & 1872-75 as Medium & strong support retrospectively. I expect price to continue journey as per technicals supporting Bullish trend. Chart is shared for potential price action.
On fundamental end SVB collapse and Credit Suisse crises is acting positive for Gold demand as safe heaven. Now eyes on FOMC March 22nd where a smaller rate hike is expected under the aforementioned circumstances. 1960 is the target i am eying at.
Do comment on the idea and odds.
Keep winning
Trade closed: target reached:
Target Reached 1860- 500+ Pips