The XAU/USD symbol refers to spot gold traded on the foreign exchange market. Gold (XAU) is trade against the US dollar. The base currency is gold (XAU), and the quote currency is the dollar (USD); the price indicates the cost of one ounce of gold in USD. It's a popular forex pair, with many traders hoping to profit from gold price fluctuations.

Since the last three weeks, the XAU/USD has been trading sideways in a large range from 2950 to 2850 in spot, hunting both bulls and bears. As of now, XAU/USD is trading around 2910, and I forecast gold to fall further to the 2790-2800 zone, where it may test demand, which coincides with the previous swing high. 

Gold is facing a massive supply on the upward, and the resistance zone is from 2930 to 2950, where it faces several resistance zones and bear pressure, as shown in the chart. So, in March, I anticipate gold to fall, and every gain will be a selling opportunity for gold, with sellers potentially benefiting from gold's slide.

In this video, we will go over multi-time frame analysis and use methods such as moving averages and the fibonacci retracements to help us comprehend and interpret it better.