Here is the the market projection on Gold (XAUUSD) for the coming week from 18th-22nd of march. It is a clear projection of what is mostly likely to happen on Gold next week.
In monthly timeframe price has been trying to maintain the bullish momentum throughout this month. But a slight rejection from the upside has started, in the remaining 13 days of the monthly candle to close we will see clearly how the momentum is going to be in this monthly candle.
In weekly timeframe price is clearly maintains the 1,2,3 wave move to the upside as it was projected in the previous analysis. Currently price is in a down ward move information of the expected second wave move of the three wave move in the fifth wave move to the upside.
In daily timeframe price is showing a clear corrective move to the downside. The overall level expected for price to hit is marked by the static support and dynamic support in this analysis video.
In four hour timeframe price has clearly followed the previous week analysis by moving to the downward. But price has spend most of time this week moving to the sideways, therefore a possible triangle pattern has been in formation at the current price level. Expect to see price slightly moving to the upside in formation of expected wave "E" of a triangle.
PRIMARY PROJECTION.
Consider sells when price break and retest the lower channel of the triangle with targets around 2127.
ALTERNATIVE PROJECTION.
Consider buying when price break and retest the upper channel of the triangle with targets around the resent swing high (2194) in this timeframe.
In monthly timeframe price has been trying to maintain the bullish momentum throughout this month. But a slight rejection from the upside has started, in the remaining 13 days of the monthly candle to close we will see clearly how the momentum is going to be in this monthly candle.
In weekly timeframe price is clearly maintains the 1,2,3 wave move to the upside as it was projected in the previous analysis. Currently price is in a down ward move information of the expected second wave move of the three wave move in the fifth wave move to the upside.
In daily timeframe price is showing a clear corrective move to the downside. The overall level expected for price to hit is marked by the static support and dynamic support in this analysis video.
In four hour timeframe price has clearly followed the previous week analysis by moving to the downward. But price has spend most of time this week moving to the sideways, therefore a possible triangle pattern has been in formation at the current price level. Expect to see price slightly moving to the upside in formation of expected wave "E" of a triangle.
PRIMARY PROJECTION.
Consider sells when price break and retest the lower channel of the triangle with targets around 2127.
ALTERNATIVE PROJECTION.
Consider buying when price break and retest the upper channel of the triangle with targets around the resent swing high (2194) in this timeframe.