Technical analysis of gold;08-01-2023

Technical Analysis of Gold; 08-01-2023

Deltafx Admin 10 January 2023

As mentioned in the past, the price was able to overcome the price level of 1859 dollars per ounce in an upward phase. From a long-term perspective, we expect the price to continue its upward trend to the 1960 level.

Technical Analysis of Gold; 08-01-2023
Technical Analysis of Gold; 08-01-2023

XAUUSD Fibonacci Pivot Point Level

These levels are one of the most important tools for traders, created based on market fluctuations and the closing and opening levels of candles in different time frames. The levels in the 4-hour time frame are usually used by traders for daily trading and may be changed in the coming week due to market fluctuations. Higher time frames are intended for longer-term transactions and their change in the next week requires more fluctuations and also the failure of the previous levels.

Time FrameS3S2S1PPR1R2R3
XAUUSD Fibonacci Pivot Point Level

One thought on "Technical Analysis of Gold; 08-01-2023"

  1. Avatar of Jerry Tetu Jerry Tetu says:

    This website certainly has all the info I wanted about this subject and didn’t know who to ask.

Leave a Reply

Your email address will not be published.

Related Articles

Are you ready for trading?