Technical Analysis (Gold) : XAU/USD 11 October 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 11 October 2022

Pivot point : 1678.00

Our preference : short positions below 1678.00 with targets at 1654.00 & 1645.00 in extension.

Alternative scenario : above 1678.00 look for further upside with 1692.00 & 1700.00 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

1700.00 **
1692.00 *
1678.00
1663.49 – Last price
1654.00
1645.00 *
1636.00 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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