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

Forex Technical Analysis : XAUUSD (Gold)

Date : 12 October 2022

Pivot point : 1676.00

Our preference : short positions below 1676.00 with targets at 1660.00 & 1654.00 in extension.

Alternative scenario : above 1676.00 look for further upside with 1684.00 & 1691.00 as targets.

Comment : as long as the resistance at 1676.00 is not surpassed, the risk of the break below 1660.00 remains high.

Supports and resistances :

1691.00 **
1684.00 *
1676.00
1667.40 – Last price
1660.00
1654.00 *
1645.00 **

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

Source : Trading Central

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