Akfx369

XAUUSD, Weekly analysis for Feb 6-10

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold against the Dollar pair had a good bullish run in January 2023, price action displayed a majestic bull run all the way from 1800 to the 1950 price mark,
but 1950 behaves as a supply zone and it starts to push the price downwards currently
price may look to retouch a demand zone waiting down , but last week closing price 1865 behaving as a considerable support area , this week the gold may
go high to retouch the last week's break out price zone of 1910 before going further down below 1865 mark

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.