Xausd may rise towards 1695, for further decline

٢٠ سبتمبر ٢٠٢٢

On the daily chart Xausd/gold may rise into 1690-1695, before finally going down towards 1610-1618 [Fibonacci 0.5].

Furthermore, the metal will rise towards 1725 [Fibonacci 0.618].

Fibonacci value was obtained from the lowest price of 1161, and the highest 2073.

Current price is 1661.