TECHNICAL ANALYSIS OF XAUUSD  (GOLD) 24 JAN 2023

XAUUSD (GOLD) yesterday was given good bounce back from its lower level and not it is trading near to its resistance mark of $1940, if it manages to hold above this mark then we can see up side move towards next important and psychological resistance level of $1950 and $1960. On southern side it has taken support of its upward slopping trend line which is near to $1910 below this mark it can go towards next support zone of $1900 and $1880. Risk appetite and a weaker US Dollar partially offset the impact of higher US yields.