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How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 03 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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On the H4 chart, prices are on bullish momentum and abiding to our ascending trendline support. We see potential for a bounce  from our 1st support at 1916.8 in line with 50% Fibonacci retracement towards our 1st resistance at 1946.580 in line with 78.6% Fibonacci retracement. Our bullish bias is further supported by RSI being on bullish momentum.

Areas of consideration:

  • 4h 1st support at 1916.8
  • 4h 1st resistance at 1946.580
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