Technical Analysis (Gold) : XAU/USD 12 November 2021

12 November 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 12 November 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 12 November 2021

Pivot point : 1860.00

Our preference : short positions below 1860.00 with targets at 1841.00 & 1832.00 in extension.

Alternative scenario : above 1860.00 look for further upside with 1868.00 & 1876.00 as targets.

Comment : the break below 1860.00 is a negative signal that has opened a path to 1841.00.

Supports and resistances :

1876.00 **
1868.00 *
1860.00
1850.05 – Last price
1841.00
1832.00 *
1822.00 **

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

Source : Trading Central

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