🥇Gold Analysis & Forecast Updates - March 27, 2022

27 Mar 2022

Traders, Gold moved higher as expected from the FCP zone. We were expecting it to go little more down before moving higher but nonetheless it was inside the FCP zone which pushed it higher. In has reached an intermediate target FCP zone and performed a retest of the middle point of the W pattern. This still has potential to go higher to
1966, 1974, 1982-1989, 2000, 2024.
At 1974 we have potential Head and Shoulders pattern which may or may not play out so do not rely too much on it unless its neck line around 1888 is broken.
Remember that we have financial year end, quarter end and month end. Besides we still have war situation going on. So expect a lot of volatility and fake breakouts. Trade what you see and manage the risk.

Trade what you see and ignore any hypes. Stay objective.

Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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27 Mar 2022

Catatan

Chart used: