TECHNICAL ANALYSIS OF XAUUSD  (GOLD)27 FEB 2023

XAUUSD (GOLD) last week was in steep fall after breaching its majored support level of $1930 and closed below Fibonacci 61.8% retracement which is near to the level of $1828. Now it is trading near to $1810 if it sustain below this make then we can expect more down fall towards next support zone of $1800 and $1785. On higher side it is taking resistance of $1830 if it closed above this mark then we can see some short covering from here towards next resistance level of $1840 and $1850.So trade should take position after the proper breakout either side.