Skip to content XAUUSD is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through it or a rebound to current levels. It has touched this line multiple times in the past 10 days and may test it again within the next 2 days.
LTCUSD has broken through a line at 76.2300. If this breakout holds, we could see the price of LTCUSD move toward 73.4370 within the next 2 days. However, don’t be too quick to trade. It has tested this line many times in the past, so confirm the breakout before placing any trades.
XAUUSD has broken through the support line, which it has tested twice before. We have seen it retrace from this line before, so wait for confirmation of the breakout before trading. If this new trend persists, a target level around 4295.5352 may materialize within the next 2 days.
The first non-farm payroll report of 2023 in January drove markets higher as traders decided to recalibrate their holdings to
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