Xauusdbullish
XAUUSD H1: Bullish outlook seen, further upside above 1985Price is currently range-bound and hovering above a key support zone at 1955 on the H1 timeframe. A throwback to this support zone, coupled with a break above upside confirmation at 1963.5 could provide the bullish acceleration to the resistance zone at 1985. Prices are showing bullish divergence, with RSI forming higher lows while prices continue trending lower, which could signal a potential reversal, supporting the bullish bias
Bullish outlook on XAUUSD - 31 March 2023Price is consolidating between a key resistance zone at 1988.50 and a key support zone at 1936.80, forming a bullish pennant on the H4 timeframe. A break above the resistance zone at 1988.50, in line with the 78.6% Fibonacci extension level and graphical high, could provide the bullish acceleration to the next resistance zone at 2052.20, in line with the 161.8% Fibonacci extension. Price is holding above the Ichimoku cloud as well, supporting our bullish bias.
XAUUSD M30: Bullish outlook seen, further upside above 1968.50Prices are hovering above a key support zone at 1968.50 on the M30 timeframe, which coincides with the 38.2% Fibonacci retracement. A throwback could provide the bullish acceleration to the resistance zone at 2006.20, in line with the 38.2% Fibonacci extension. Price is holding above the 20 EMA, supporting our bullish bias.
Bullish outlook on XAUUSD - 10 March 2023Prices have broken above a key resistance zone at 1831.20 on the H1 timeframe, which is in line with the 23.6% Fibonacci extension. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 1842.50, which coincides with the 78.6% Fibonacci retracement and extension levels. Prices are holding above the Ichimoku cloud and 20 EMA, supporting our bullish bias.
XAUUSD H1: Bullish outlook seen, further upside above 1814.20On the H4 time frame, prices are testing support and a throwback to the H1 support at 1814.20, which coincides with the fibonacci confluence levels could present an opportunity to play the bounce to the resistance zone at 1832.00. Prices are also above the 20EMA supporting the bullish bias.
XAUUSD H1: Bullish outlook seen, further upside above 1779.00On the H1 time frame, prices are holding above an ascending channel and approaching the support zone at 1779.00, in line with the Fibonacci confluences and ascending channel’s support. This presents an opportunity to play the bounce to the next resistance target at 1802.80. Prices are holding above the 50 EMA as well, supporting the bullish bias.
Outlook on XAUUSD: Bullish play seen On the M30 time frame, prices are holding above the ascending trend line and a pullback to the support area at 1872.15, in line with the 78.6% fibonacci retracement and 61.8% fibonacci extension presents an opportunity to play a short term bounce up to the next resistance target at 1897.44. Stochastic is approaching support as well, in line with our bullish bias.