xauusd technical trading analysis on dated 12-12-2022

229
USDJPY

Trade xauusd (Gold) today and become a profitable trader! Our powerful trading analysis will help you make the most out of your investments. We provide daily market analysis, technical indicators, and more to help you make informed decisions. So what are you waiting for? Start Trading Today!

 

  • A Fibonacci confluence area is located at 1804.
  • Majority of the initial daily gains being overturned.
  • Selling posted in Asia.
  • There is no clear indication that the downward move is coming to an end.
  • Bespoke support is located at 1772.
  • Risk/Reward would be poor to call a sell from current levels.

 

Recommendations: Sell/Sell limit @ 1798     TP/Target : 1772/1765