Market Breakdown | GOLD, USDJPY, SILVER, US30

Market Breakdown | GOLD, USDJPY, SILVER, US30

30 March 2023, 14:03
Kestutis Balciunas
0
198

market breakdown

Market Breakdown | GOLD, USDJPY, SILVER, US30


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

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.

#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.

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.

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.

For Additional confirmation use: the Best Scalping Indicators


Contact information:

Profile: https://www.mql5.com/en/users/forexobroker

Telegram Channel: https://t.me/forextradingstrategies4us

Email: info@forexobroker.com