We consider the following thing on analysis upon xauusd (Gold) on dated 09-02-2022 as per the Chart analysis and upcoming Global news:
- Trading has been mixed and volatile
- We have a 78.6% Fibonacci pullback level of 1838.14 from 1853.88 to 1780.33
- Bespoke resistance is located at 1843.07
- Preferred trade is to sell into rallies
- Expect trading to remain mixed and volatile
Recommendation: Sell limit/Sell @ 1835 Target: TP 200+ to 300+ pips