How To Make Money Today: Daily Gold (XAUUSD) Market Analysis and Forex Trading Signals 29 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, prices are approaching a key pivot. We see the potential for a bounce from our 1st support at 1918.32 which is in line with 127.2% Fibonacci extension towards our 1st resistance at 1963.060 in line with 78.6% Fibonacci Projection and also graphical swing high. Prices are trading below our ichimoku clouds, further supporting our bearish bias.

Areas of consideration:

4h 1st support at 1918.32
4h 1st resistance at 1963.060

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