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Gold Spot / U.S. Dollar
Long

Gold ready for breakouts….

173
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

bullvsbear9
Chart PatternsgoldlongTechnical IndicatorsTrend AnalysisXAUUSD

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsgoldlongTechnical IndicatorsTrend AnalysisXAUUSD
bullvsbear9

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.