Potential Future Outlook for XAUUSD - March 12th, 2024
Why We Think the Price Might Drop:
1. The support level broke at 2160 and is being tested again.
2. The RSI (Relative Strength Index) is around 40, suggesting a signal to sell.
3. The Super Trend indicator indicates a bearish trend.
What Might Happen Next:
Overall, it might be a good idea to sell XAUUSD when the price is around 2160. We're aiming for targets around 2145.
1. The support level broke at 2160 and is being tested again.
2. The RSI (Relative Strength Index) is around 40, suggesting a signal to sell.
3. The Super Trend indicator indicates a bearish trend.
What Might Happen Next:
Overall, it might be a good idea to sell XAUUSD when the price is around 2160. We're aiming for targets around 2145.