Technical Analysis (Gold) : XAU/USD 12 July 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 12 July 2023

Momentum : Down

First Scenario : short positions below 1934.97 with targets at 1928.90, 1923.90 and 1918.80

Second Scenario : long positions above 1934.97 with targets at 1944.70, 1949.60 and 1956.74

Comment : RSI - Bearish divergence.

Supports and resistances :

1956.74 **
1949.60 *
1944.70
1935.30 - Last price
1928.90
1923.90 *
1918.80 **

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