Technical Analysis (Gold) : XAU/USD 15 March 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 15 March 2023

Pivot point : 1893.00

Our preference : long positions above 1893.00 with targets at 1915.00 & 1927.00 in extension.

Alternative scenario : below 1893.00 look for further downside with 1883.00 & 1872.00 as targets.

Comment : the immediate trend remains up but the momentum is weak.

Supports and resistances :

1939.00 **
1927.00 *
1915.00
1903.82 – Last price
1893.00
1883.00 *
1872.00 **

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

Source : Trading Central

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