GOLD Intraday Analysis - ( 27 Jan 2023 )

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold took a melt down of about 200 pips from the double top formed at 1948-1950 region. Shorts were planned out as per analysis below 1934 key level backed with fundamental data released yesterday. Despite the melt down as shown yesterday with very strong GDP data, there is still no confirmations of market shift. All time frame shows no shift in structure and will be playing the bullish bias on GOLD .

HRHR buys at 1923 key level
MRMR buys at 1929 key level
Safest buys at 1939.5 key level

However i will only look for sells below the daily zone whereby a new low will be created and there will be a potential shift in structure only below 1912.


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