Thursday 16th March 2023: Technical Outlook and Review
XAU/USD is bearish, and the price could potentially make a bearish reaction off the first resistance level at 1937.00 and drop to the first support level at 1890.00. The first support level at 1890.00 is an overlap support level coinciding with a 38.20% Fibonacci retracement, which may provide strong support for the price if it drops
IC Markets Asia Fundamental Forecast | 16 March 2023
What happened in the US session? Swiss authorities confirmed that Credit […]
IC Markets Europe Fundamental Forecast | 15 March 2023
What happened in the Asian session? Mixed data from China did […]
Wednesday 15th March 2023: Asian shares rebound as inflation fears ease and bank crisis stabilizes
Global Markets: Asian Stock Markets : Nikkei down 0.03%, Shanghai Composite […]
Wednesday 15th March 2023: Technical Outlook and Review
Price is currently lingering between our 1st support and resistance levels. If the price were to reverse from our 1st resistance at 1923, which is an overlapping resistance level, it could drop to our 1st support at 1890, which is an overlap support level along with the 23.6% Fibonacci retracement.
IC Markets Asia Fundamental Forecast | 15 March 2023
What happened in the US session? US CPI m/m at 0.4% […]
IC Markets Europe Fundamental Forecast | 14 March 2023
What happened in the Asian session? The latest Australian Westpac Consumer […]
Tuesday 14th March 2023: Technical Outlook and Review
Price is now testing a major overlap resistance at 1913 which is slightly below the 78.6% short term Fibonacci retracement. A break of this level could suggest a move up to 1962 is possible - which is the recent swing high resistance.
IC Markets Asia Fundamental Forecast | 14 March 2023
What happened in the US session? The banking crisis in the […]
