Technical Analysis (Gold) : XAU/USD 1 August 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 1 August 2023

Momentum : Down

First Scenario : short positions below 1963.50 with targets at 1953.02, 1947.60 and 1942.10

Second Scenario : long positions above 1963.50 with targets at 1970.60, 1978.28 and 1982.49

Comment : RSI - Bearish.

Supports and resistances :

1982.49 **
1978.28 *
1970.60
1959.49 - Last price
1953.02
1947.60 *
1942.10 **

Warning : This information is not a buy-sell signal.