Xauusd (Gold) analysis on dated 01-03-2022

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Gold is look like bullish. Gold analysis on dated 01-03-2022. There are following fact is consider when we analysis this popular commodities.

 

  • The medium term bias remains bullish
  • There is scope for mild selling at the open but losses should be limited
  • Support is located at 1880 and should stem dips to this area
  • Dip buying offers good risk/reward
  • News events could adversley affect the short term technical picture.

 

  • Recommendation: Buy/Buy limit @ 1880/1885 area TP?Target: 1940/1960
  • Type: Intraday
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