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Gold ready for breakouts….
Gold Spot / U.S. Dollar
Long
Gold ready for breakouts….
By bullvsbear9
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Mar 1, 2023
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Mar 1, 2023
XAUUSD
Gold looks to be ready for a breakout and month of March seems to be key for its long term direction.
XAUUSD seems to be forming a perfect cup-and-handle pattern on a 3-month timeframe.
*It has cleanly bounced of its 21-period moving average over the same timeframe, and
*It is bouncing of 50% retracement of Fibonacci pattern building from the low of Jul-18 to high of Jan-22
*Lastly, there is a potential for inverse H&S on the weekly in-play
Chart Patterns
goldlong
Technical Indicators
Trend Analysis
XAUUSD
bullvsbear9
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