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XAUUSD, GBPUSD, and EURUSD Analysis 20 – 24 March 2023

22 March 2023 By Pongthai Tan

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XAUUSD Analysis 20 – 24 March 2023

The outlook for gold prices remains positive in the medium term. This is because gold prices rose above the 1960 price line before testing the 2000 resistance and then dropped after failing to cross it. Adjust the resting base or sideways to go up to the resistance 2000 again, which is the next target that the price is expected to test in the medium term or the latest high that the price has made.

GBPUSD Analysis 20 – 24 March 2023

The GBPUSD outlook is bullish in the medium term, as the price has broken sideways (support 1.19140 and resistance 1.21460) on timeframe to rise above 1.21460, plus buying momentum. That has come continuously. Looking at the strong candlestick, buy at the time frame day. The price is expected to rise to test the resistance of 1.24470, a key resistance at the timeframe level. The important support is 1.21460, in case the price can’t rise to test the day’s resistance at the price level of 1.24470.

EURUSD Analysis  20 – 24 March 2023

EURUSD is currently breaking a short-term sideways channel on the H4 timeframe (support 1.05250 and resistance 1.06950) rising above the 1.06950 level, plus the strong buying momentum continues. Look at the strong candlestick, buy at the time frame day. The price is expected to rise to test the resistance of 1.08800, which is a key resistance at the timeframe level. The important support is 1.21460, in case the price can’t rise to test the day’s resistance at the price level of 1.24470.

 

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