XAUUSD(gold) : Analysis , 1h

4. Feb. 2023

Hello traders, we want to check the gold chart. The falling movement is very strong, so we must be careful. If the price succeeds in breaking the small trend line in the larger trend, which is upward, and returns to the price level between 1862 and 1870, then we can predict let the price rise to 1900, but considering the strong falling movement, if it succeeds in breaking this price level in the downward direction and returns to this level, it is expected to fall around the price of 1825. Good luck.