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

Forex Technical Analysis : XAUUSD (Gold)

Date : 14 October 2022

Pivot point : 1656.00

Our preference : long positions above 1656.00 with targets at 1676.00 & 1683.00 in extension.

Alternative scenario : below 1656.00 look for further downside with 1649.00 & 1642.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1693.00 **
1683.00 *
1676.00
1666.56 – Last price
1656.00
1649.00 *
1642.00 **

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

Source : Trading Central

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