XAUUSD, GBPUSD, EURUSD Analysis 13-17 March 2023
15 March 2023
By Pongthai Tan
XAUUSD Analysis 13-17 March 2023
The gold price outlook remains positive in the short and medium term. As the price of gold rested above the 1800 support level before making a strong rally and breaking above the 1880 level as a result of the increased demand for gold as a safe haven over the weekend. come After the collapse of Silicon Valley Bank (SVB)
By 1880, the price is expected that the price of gold may retrace or sideways to rise to the resistance 1960, which is the next target that is expected to test the price in the short term and the middle or the latest High that the price has made
However, investors keep an eye on the Consumer Price Index report. United States on Tuesday, March 14, 2023 at 7:30 p.m. Thailand time to arrive. This will directly affect the direction of gold prices.
GBPUSD Analysis 13-17 March 2023
The GBPUSD trend is sideways in the daytime frame. Currently, the price is swinging between support 1.19140 and resistance 1.21460, which is a short-term support-resistance. The price continues to move within this price range. Resistance 1.24470 is the next resistance in the medium term where the price is expected to test. If the price rises to test the short-term resistance at 1.21460, then it can stand on this level.
But on the other hand, 1.14600 support will be the next medium-term support where the price is expected to test and retrace there. In case the price goes down to test the short-term support at 1.19140 and cannot stand on it.
However, investors keep an eye on the Consumer Price Index report. United States On Tuesday, March 14, 2023 at 7:30 p.m. Thailand time to arrive. This will have a direct impact on the direction of the GBPUSD.
EURUSD Analysis 13-17 March 2023
EURUSD is currently swinging between support 1.05250 and resistance 1.06950, which is a short-term support/resistance on the H4 timeframe, with prices continuing to move within them. In the middle of the days’ time frame, the price is expected to test. If the price rises to test the short-term resistance 1.06950 on the H4 timeframe, it can stand on this level.
But on the other hand, the support of 1.03610 will be the next support in the middle term of the frame day where the price is expected to test and retrace in that area to form a new lower low in case the price corrects. It came down to test the short-term support 1.05250 on the H4 timeframe and could not stand on it.
However, investors keep an eye on the Consumer Price Index report. United States on Tuesday, March 14, 2023, at 7:30 p.m. Thailand time to arrive. This will directly affect the direction of EURUSD.
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice.
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