Fibonacci Retracement on Gold

٢٦ يناير ٢٠٢٣

XAUUSD

Fibonacci Retracement drawn on XAUUSD indicates that bullish pattern is intact. This rally is expected to take correction around 2075; 150 dollars is yet to be seen.

Bullish Points :
1. HHs and HLs continue
2. Cup formation
3. Triple Bottom formation

Bearish Points :
1. RSI may cool off forcing it to take correction; but HLs are observed in previous weeks