XAU Technical Analysis

١٥ يناير ٢٠٢٤

• Gold has successfully broken its mid-term downtrend line and has risen to around $2062, which is currently at the Fibonacci 0 line.

• The upward trend in gold is likely to persist and it might achieve higher targets. However, it may experience a pullback to lower support levels before continuing its ascent.

• The first significant support level for gold is at $2038.

• On the flip side, if the level of $2062 is breached, it is probable that gold will continue its upward trajectory towards the next resistance area, which is around $2085.

(All analyses will be updated)

This analysis is informational, not financial advice.

١٨ يناير ٢٠٢٤

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