Technical | Fundamental | Emotional

Mar 11, 2023

XAUUSD
XAUUSD
XAUUSD
XAUUSD
XAUUSD
XAUUSD

Market moves on zig zag not straight Up
A correction is a must


Technical :

Support :
-1830
-1810

Resistance :
-1870
-1890

Fibonacci / Important Levels :
50.0 : 1785
61.8 : 1747

Fundamental :
-The whole move was caused by USD (Unemployment Data)

-DXY Dumped (it needed a correction anyway)

-It pumped more than expected (Manipulation / SL Hunt / Liquidation / Fear)

-It Broke Trend line (if it stays there above the trend line for 2 Days till 14/March then the trend is confirmed (Bullish)

Emotional :
-Greed | Euphoric / Bulls
-Sellers Fear / Bears
-Hope / Bears
-Ego /Bulls

Keep An eye :

-14 March CPI Data
-15 March PPI

A Dump is possible by 14 March/Tuesday (CPI)

This idea is invalidated If (Gold Stays above trend line 1840+ Until Wednesday 15/March)

*This is not an financial advice (Please make sure to follow your own Analysis)
*If you believe the idea is good show some support to keep me motivated for more ideas