💡 XAUUSD: Forecast March 27
Updated
Although the price increased yesterday, the D1 gold bar created a very large bearish pinbar, with a very long upper shadow and closed less than 1/2 of the range, closing inside the previous price bar, which was also a bearish pinbar. Such price behavior reflects the weakening of the upward price momentum, suggesting the possibility that prices may continue to level off or adjust downward. D1 gold chart structure is cumulative sideways.
With a strong inverted V structure from above, H1 gold showed strong selling block in the area around the round number 2,200 yesterday. The false break signal occurs when H1 gold surpasses recent price peaks and then quickly pulls back down again. Weakness is visible in both time frames. The main trend of H1 gold today is to wait for selling from the resistance above. If the price breaks out and rises further, you can wait to buy again, because at that time the short-term price increase strength has formed.
With a strong inverted V structure from above, H1 gold showed strong selling block in the area around the round number 2,200 yesterday. The false break signal occurs when H1 gold surpasses recent price peaks and then quickly pulls back down again. Weakness is visible in both time frames. The main trend of H1 gold today is to wait for selling from the resistance above. If the price breaks out and rises further, you can wait to buy again, because at that time the short-term price increase strength has formed.
Note
GOLD FLYYYYYYNote
DONE BUY. GO SELLNote
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