Technical analysis of gold(XAU); 25-12-2022Deltafx Admin 26 December 2022
Last week, the price fell to the level of 1785.900. We expect the price to rise in an to the level of 1821.99 if it does not break its trend line.
XAUUSD Fibonacci Pivot Point Levels
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. Levels in the 4-hour time frame are usually used by traders for daily trading and may be changed by market fluctuations in the coming week. 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.