Gold ready for breakouts….

XAUUSD

Gold looks to be ready for a breakout and month of March seems to be key for its long term direction.

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XAUUSD seems to be forming a perfect cup-and-handle pattern on a 3-month timeframe.

It has cleanly bounced of its 21-period moving average over the same timeframe, and

It is bouncing of 50% retracement of Fibonacci pattern building from the low of Jul-18 to high of Jan-22

Lastly, there is a potential for inverse H&S on the weekly in-play