(XAU | USD) Forex Trading Analysis Today | Gold Analysis March 14, 2024 | XAUUSD Analysis

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Forex Trading Analysis

Hello Guys I am going to analyze sport gold versus US dollar pair let us start are the top to bottom lit wave analysis inside the daily time frame the trend is up in spot gold daily time frame support is present at 1972.185$ price level price action is most likely going to complete the bullish wave five motive leg which is going to complete the overall ending diagonal after that I expect a top and a drop in the coming trading days uh decisive bearish break below 1972.185$ support area is a going to end up Trend in the daily chart of gold versus US dollar pair

At 4 hour time frame price section is sprinting higher swing highs and higher swing lows to me spot gold Trend looks up in 4 hour time frame

In 1 hour time frame the trend is down in 1 hour chart intraday resistance is present at the 2195.9$ price level price exchange is most likely going to rise to print a bullish wave X pullback after that I expect a bearish wave double zigzag Lego which offers a chance to join the downtrend in spot gold a decisive bullish breakout above 2195.9$ resistance level is going to end down Trend in 1-hour chart of gold versus United States dollar pair

The red color highlighted area offers a selling opportunity which is a previous second wave of one lesser degree do not jump into the market with a sell trade wait for a bearish breakdown first take notes you must always trade with money management rules to control risk