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

Forex Technical Analysis : XAUUSD (Gold)

Date : 1 June 2023

Momentum : Up

First Scenario : long positions above 1961.30 with targets at 1967.50, 1974.75 and 1980.55

Second Scenario : short positions below 1961.30 with targets at 1957.30, 1953.30 and 1949.62

Comment : The price movement is no clear trend.

Supports and resistances :

1980.55 **
1974.75 *
1967.50
1964.04 - Last price
1957.30
1953.30 *
1949.62 **

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