MarketBreakdown | GOLD, USDJPY, SILVER, US30

30 Mar 2023

Here are the updates & outlook for multiple instruments in my watchlist.

1️⃣ Gold (XAUUSD) 4h time frame 🟡
Gold is perfectly respecting a minor rising trend line.
So far, I would expect a bullish continuation from that.
Goal for buyers might be the underlined yellow resistance.

If you are looking for shorting, consider a bearish breakout of the trend line.
I can give you a perfect confirmation to sell.

2️⃣ USDJPY daily time frame 🇺🇸🇯🇵
The market is approaching a solid horizontal resistance.
Taking into consideration that the pair is quite overbought and trading in a bearish trend,
I believe that probabilities will be high to see a bearish move from that.

3️⃣ Silver (XAGUSD) 4h time frame 🪙
I spotted a cute bullish accumulation pattern - an ascending triangle formation.
The price has successfully violated its neckline.
It looks like the market will keep growing.

4️⃣ Dow Jones (US30) daily time frame
The market is approaching a solid daily resistance.
We see its breakout attempt now.
If a daily candle closes above that, the Index may go much higher.

Do you agree with my market breakdown?

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