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

Forex Technical Analysis : XAUUSD (Gold)

Date : 14 November 2022

Pivot point : 1753.00

Our preference : long positions above 1753.00 with targets at 1775.00 & 1784.00 in extension.

Alternative scenario : below 1753.00 look for further downside with 1743.00 & 1731.00 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1796.00 **
1784.00 *
1775.00
1765.58 – Last price
1753.00
1743.00 *
1731.00 **

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

Source : Trading Central

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