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22.03.2023 07:39 AM
XAUUSD H4 | Potential Bullish Reversal?

There is a possibility of a bullish bounce for gold from the first support level at $1933, followed by a potential move towards the first resistance level at $1957. The $1933 level is an overlap support and is closely aligned with the 38.20% Fibonacci retracement, making it a robust support level. However, the $1957 level is an overlap resistance that may present a challenge for gold if it approaches that level. The next resistance level is located at $2007, which is a swing high resistance.

On the downside, if gold fails to sustain above the $1933 support level, it may potentially drop towards the $1911 support level, which is also an overlap support and coincides with the 50% Fibonacci retracement. A breakdown below this level could result in further bearish momentum.

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GBP/USD, H4 | Break 1st support to continue to 2nd support?
The GBP/USD pair is exhibiting a bearish trend, with the price falling beneath the bearish Ichimoku cloud indicating a potential continuation of this trend. Key support levels are at 1.2376 (overlap support) and 1.2305 (swing low support), both potentially attracting buyers to the market. However,.
Autor: Dean Leo
00:29 2023-05-31 UTC--4
1450
USDCHF , H4 | Bullish continuation expected?
The USD/CHF pair is displaying strong bullish momentum, as evidenced by its position above the bullish Ichimoku cloud and an important ascending trendline. This suggests a likelihood of further bullish action. The first support lies at 0.9029, an overlap support that may attract buyers and inhibit.
Autor: Dean Leo
00:27 2023-05-31 UTC--4
1315
XAUUSD , H4 | Falling to 1st support?
The XAU/USD pair is currently demonstrating bearish tendencies. Key support levels are identified at 1932.03 and 1913.98, both being overlap supports and historical points of buying activity. This could potentially slow down or even reverse the bearish trend. On the contrary, resistance levels are.
Autor: Dean Leo
00:24 2023-05-31 UTC--4
1435
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