Xauusdbullish
Bullish outlook on XAUUSD - 31 March 2023Price is consolidating between a key resistance zone at 1988.50 and a key support zone at 1936.80, forming a bullish pennant on the H4 timeframe. A break above the resistance zone at 1988.50, in line with the 78.6% Fibonacci extension level and graphical high, could provide the bullish acceleration to the next resistance zone at 2052.20, in line with the 161.8% Fibonacci extension. Price is holding above the Ichimoku cloud as well, supporting our bullish bias.
XAUUSD M30: Bullish outlook seen, further upside above 1968.50Prices are hovering above a key support zone at 1968.50 on the M30 timeframe, which coincides with the 38.2% Fibonacci retracement. A throwback could provide the bullish acceleration to the resistance zone at 2006.20, in line with the 38.2% Fibonacci extension. Price is holding above the 20 EMA, supporting our bullish bias.
Bullish outlook on XAUUSD - 10 March 2023Prices have broken above a key resistance zone at 1831.20 on the H1 timeframe, which is in line with the 23.6% Fibonacci extension. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 1842.50, which coincides with the 78.6% Fibonacci retracement and extension levels. Prices are holding above the Ichimoku cloud and 20 EMA, supporting our bullish bias.
XAUUSD H1: Bullish outlook seen, further upside above 1814.20On the H4 time frame, prices are testing support and a throwback to the H1 support at 1814.20, which coincides with the fibonacci confluence levels could present an opportunity to play the bounce to the resistance zone at 1832.00. Prices are also above the 20EMA supporting the bullish bias.
XAUUSD H1: Bullish outlook seen, further upside above 1779.00On the H1 time frame, prices are holding above an ascending channel and approaching the support zone at 1779.00, in line with the Fibonacci confluences and ascending channel’s support. This presents an opportunity to play the bounce to the next resistance target at 1802.80. Prices are holding above the 50 EMA as well, supporting the bullish bias.
Outlook on XAUUSD: Bullish play seen On the M30 time frame, prices are holding above the ascending trend line and a pullback to the support area at 1872.15, in line with the 78.6% fibonacci retracement and 61.8% fibonacci extension presents an opportunity to play a short term bounce up to the next resistance target at 1897.44. Stochastic is approaching support as well, in line with our bullish bias.
Gold (xauusd) looking to go out the box to touch 1980 zone, Gold against Dollar pair looking good to buy this week , Last week it breaks the long term resistance of 1929 area and trending above the zone, and its expect to touch 1980 zone this week and again price may return to box
Analysis only for education purpose
WILL GOLD HIT 3000 ?As we can see on weekly timeframe xauusd making Cup&Handle Pattern
an also if we breakdown to lower timeframe especially on Daily timeframe he just making descending channel
which mean he would continuation bullish as soon as possible
We just waiting for clear flag on timeframe 1H-4H to execute long
However this plan can be false if xauusd making new pattern
share your idea below
thankyou friends
XAUUSD ,Will the bulls continues its run on March beginning ?Gold against Dollar pair were dominated by bullish price action due to fundamental reasons, it touched the resistance at 1975 and comes back to 1889 down and formed a bearish pin bar in Weekly chart,
At March begins , price may retrace upwards 1915 zone and expected comes down near 1840 zone or if the price breaks down the support, it may goes down further
Analysis only for education purpose
XAUUSD LONG IDEAHello there all,
Sorry about my chart colourways haha changing every new post, I just cannot seem to stick with one lol. 😂
Here's the XAUUSD forecast for long idea.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section, I would love to see it
LETS GOO!!
This is not financial advice. 🙂
Thanks all