Weekly Technical Analysis Report 10 March – Bullish outlook on XAUUSD
March 10, 2023
Weekly Technical Analysis Report 10 March – Bullish outlook on XAUUSD
1. This week’s outlook on XAUUSD: Bullish outlook seen
Prices 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.
Bullish outlook on XAUUSD – 10 March 2023 by Salzworth on TradingView.com
