XAUUSD 7.3.2023 market update

Our 1H chart trading idea is playing out as analysed. We advised yesterday that EMA5 cross and lock above 1845 structure leaving a gap open to 1857 and 1863 of which 1857 was hit today. This followed with the expected 1845 retracement target also HIT.

1863 is now the last resistance target left open on this structure. We will continue with our plans to buy from dips and manage any positions accordingly.

If we see a break below 1845 then we are likely to see the swing range open. This allows us to manage our exposure accordingly when considering our plans to buy dips.

BULLISH TARGETS

1857 - DONE

1863

BEARISH TARGETS

1852 - DONE

1845 - DONE

SWING RANGE

1825

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