Xauusd price fell below $1850 on Wednesday. Currently pressured near $1836 gold may fall to test $1830 and $1825 demand zones from January 5 2023. The strong US dollar drive flows away from gold price and is near multi week high with high expectations from the Fed. A recapture of $1850 and $1860 zones are essential for the commodity otherwise the fall below $1825 can be expected. Long term trend is bullish but currently gold is experiencing correction phase.
Trade closed: target reached