Technical Analysis (Gold) : XAU/USD 14 December 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 14 December 2022

Pivot point : 1800.00

Our preference : long positions above 1800.00 with targets at 1816.00 & 1824.00 in extension.

Alternative scenario : below 1800.00 look for further downside with 1795.00 & 1788.00 as targets.

Comment : the RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances :

1830.00 **
1824.00 *
1816.00
1811.57 – Last price
1800.00
1795.00 *
1788.00 **

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

Source : Trading Central

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