TECHNICAL ANALYSIS OF XAUUSD  (GOLD) 30 JAN 2023

XAUUSD (GOLD) price is continuously is in  upside movement .Now it has immediate resistance level of $1942 if it holds above this mark then we can see next up side movement towards its psychological resistance mark of $1950 .Today if it gives closing above $1950 it can move more upside and test $1965 and $1985. On down word side it has important support zone of $1920 below this it can drag down towards next support zone of $1910 and $1900. The US Dollar is keeping its rebound intact against its major rivals for the second straight day, as the US Dollar Index looks to recapture the 102.00 level. The three-day recovery in the US Treasury bond yields is underpinning the sentiment around the US Dollar ahead of the United States Personal Consumption Expenditures (PCE) Price Index data for December.