Technical Analysis (Gold) : XAU/USD 12 December 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 12 December 2022

Pivot point : 1800.00

Our preference : short positions below 1800.00 with targets at 1780.00 & 1772.00 in extension.

Alternative scenario : above 1800.00 look for further upside with 1805.00 & 1810.00 as targets.

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

Supports and resistances :

1810.00 **
1805.00 *
1800.00
1787.09 – Last price
1780.00
1772.00 *
1765.00 **

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

Source : Trading Central

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