How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 09 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 are on strong bullish momentum and abiding to our ascending trendline support. We see potential for a short pullback from our 1st resistance at 2052.800 in line with 100% Fibonacci extension towards our 1st support at 2003.384 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci retracement. Divergence is spotted on RSI, further supporting our bearish bias.

Areas of consideration:

4h 1st support at 2003.384
4h 1st resistance at 2052.800

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