xauusd analysis on dated 10-03-2022

15
mhkservices.org

 

Xauusd analysis on dated 10-03-2022. We consider the following parameter when it is analysis on Forex Trading market. The pair is impacted by ukraine war. So we consider the following:

 

  • Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
  • A bearish Head and Shoulders is forming.
  • Further downside is expected and we prefer to set shorts in early trade.
  • Although the anticipated move lower is corrective, it does offer ample risk/reward today
  • Preferred trade is to sell into rallies

 

Recommendation: Sell/Sell limit @ 2005

Target: 1940

 

Join with us free-

mhkservices.org