TECHNICAL ANALYSIS OF XAUUSD (GOLD) 23 JAN 2023
Jan 23, 2023 Uncategorized by Henry
XAUUSD (GOLD) last week was showing its strength and closed above its Fibonacci retracement level which is $1900. For upcoming week if it manages to hold above $1940 mark then we can see $1950 and $1980 this mark is 0.786 Fibonacci retracement level. Where down ward side it has again key support level of $ 1920 if it sustain below this mark then we can see next support zone of $1900 and $1880. Ad US Dollar (USD) recovering some ground and elevated US Treasury bond yields, despite recessionary fears around the US economy.