xauusd technical trading analysis on dated 12-12-2022

169
USDJPY

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  • 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