Technical Analysis (Gold) : XAU/USD 16 August 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 August 2023

Momentum : Up

First Scenario : long positions above 1905.60 with targets at 1909.90, 1916.25 and 1920.94

Second Scenario : short positions below 1905.60 with targets at 1900.10, 1892.80 and 1885.40

Comment : RSI - Bullish.

Supports and resistances :

1920.94 **
1916.25 *
1909.90
1904.58 - Last price
1900.10
1892.80 *
1885.40 **

Warning : This information is not a buy-sell signal.