How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 22 February 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first, and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

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XAU/USD (GOLD):

On the H4 chart, prices are on bullish momentum and abiding to our ascending channel. We see potential for bullish continuation from our 1st support at 1889.295 in line with 100% Fibonacci extension towards our 1st resistance at 1920.597 in line with which is an area of Fibonacci confluences. Prices are trading above our Ichimoku support, further supporting our bullish bias.

Areas of consideration:

  • 4h 1st support at 1889.295
  • 4h 1st resistance at 1920.597
xauusd forecast

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