Daily Technical Analysis Of XAUUSD - Tuesday, Jan. 3

By Staff of AAATrade.com

Tuesday, January 3, 2023 9:30 AM EST

Gold, Ingots, Treasure, Bullion, Gold Bars, Wealth

Image Source: Pixabay

Spotlight on XAUUSD. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.

Gold

Looking at Gold’s chart, we can see that after it peaked at around $1850, it is currently traded at around $1837 with a possible correction towards its support level at around $1800-1820.

If it is able to hold above the level of $1800, then it could re-test its resistance level at around $1850 with a possibility to break through it, otherwise, it should further drop towards its next support level at around $1780.

(Click on image to enlarge)

AAATrade's Daily Technical Analysis of XAUUSD – 03/01/2023

More By This Author:

Daily Technical Analysis Of EURUSD - Tuesday, Dec. 27
Intraday Technical Analysis Of AMZN
Daily Technical Analysis Of GBPUSD - Thursday, Dec. 22

Disclaimer: We also offer CFD products. 72.13% of retail CFD accounts lose money. CFDs trading is risky and your entire capital might be at risk. Information presented herein, is not to be ...

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.