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

Forex Technical Analysis : XAUUSD (Gold)

Date : 12 July 2022

Pivot point : 1737.00

Our preference : short positions below 1737.00 with targets at 1722.00 & 1717.00 in extension.

Alternative scenario : above 1737.00 look for further upside with 1741.00 & 1746.00 as targets.

Comment : as long as 1737.00 is resistance, expect a return to 1722.00.

Supports and resistances :

1746.00 **
1741.00 *
1737.00
1729.28 – Last price
1722.00
1717.00 *
1711.00 **

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

Source : Trading Central

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