How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 02 March 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 areon bullish momentum and abiding to our ascending trendline support. We see potential for a slight pullback from our 1st resistance at 1946.195 in line with 61.8% Fibonacci extension towards our 1st support at 1910.357 in line with 61.8% Fibonacci retracement. Our bullish bias is further supported by RSI being at levels where dips occurred previous and ichimoku clouds forecasting bearish momentum.

Areas of consideration:

4h 1st support at 1910.357
4h 1st resistance at 1946.195

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