Technical Analysis (Gold) : XAU/USD 13 December 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 13 December 2022

Pivot point : 1789.00

Our preference : short positions below 1789.00 with targets at 1777.00 & 1770.00 in extension.

Alternative scenario : above 1789.00 look for further upside with 1795.00 & 1800.00 as targets.

Comment : as long as the resistance at 1789.00 is not surpassed, the risk of the break below 1777.00 remains high.

Supports and resistances :

1800.00 **
1795.00 *
1789.00
1784.48 – Last price
1777.00
1770.00 *
1765.00 **

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

Source : Trading Central

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