OANDA:XAUUSD   Gold Spot / U.S. Dollar
after the FED last meeting on 14.DEC . the FED will raise rates to 4.5% then the next meeting will contuine to raise again ,so the raise rates will continue in 2023 so we can see the more declining in gold , therefore the gold will decline the strongest resistance here is between 1800-1820 rhen we are going down to 1700-1730 (support) then going to down at the level at 1620 strongest support, three bottoms here that mean if we reach at this level this will be the fourth bottom , the most likely will happen to break $1620 as the recession fears will continue in 2023
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.