XAUUSD Analysis 3-3-22
Gold is currently in a bullish trend and fundamentally it makes sense for price to continue this trend. I noticed that price has been doing pullbacks leading up to market open so I think and sell positions are sort lived and just a pullback before a continuation. Waiting for support to be formed on the 30 min TF or a wick rejection from the 50EMA on the 30m TF to then continue the bullish trend.
Price broke from structure and created a high
Price could possibly reject 1929.25 to continue the bullish momentum
If price can form a level of support, we can continue the bullish trend
A break and close above 1935.5 price can continue bullish until 1938.80
Price broke from structure and created a high
Price could possibly reject 1929.25 to continue the bullish momentum
If price can form a level of support, we can continue the bullish trend
A break and close above 1935.5 price can continue bullish until 1938.80
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