TECHNICAL ANALYSIS OF XAUUSD (GOLD)01 MARCH 2023
Mar 1, 2023 Uncategorized by Henry
XAUUSD (GOLD) has given good recovery from its lower level and trading above 200 EMA which is near to $1830 If it hold this mark then we can see more upside movement toward next resistance level of $1840 and $1850 .On down ward side $1820 is crucial support one below this mark $1810 and $1800 might be seen. Further up, the downward-sloping 21-Daily Moving Average (DMA) at $1,853 could challenge the bearish commitments. The 14-day Relative Strength Index (RSI) is rebounding toward the midline, having tested the oversold territory earlier this week.