How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 11 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 weekly, prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our 1st support at 1969.232 in line with 127.2% Fibonacci projection towards our 1st resistance at 2036.126 in line with 161.8% % Fibonacci projection. Prices are trading above our ichimoku clouds and RSI is on bullish momentum, further supporting our bullish bias.

On the daily, prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our 1st support at 1928.051 in line with 127.2% Fibonacci projection and 50% Fibonacci retracement towards our 1st resistance at 2067.870 which is a graphical swing high. Prices are trading above our ichimoku clouds and RSI is on bullish momentum, further supporting our bullish bias.

On the H4, prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for further bullish continuation from our 1st support at 1990.729 in line with 78.6% Fibonacci projection towards our 1st resistance at 2047.166 in line with 78.6% Fibonacci projection. Prices are trading above our ichimoku clouds and RSI is on bullish momentum, further supporting our bullish bias.

Areas of consideration:

4h 1st support at 1990.729
4h 1st resistance at 2047.166

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