Technical Analysis (Gold) : XAU/USD 16 December 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 December 2022

Pivot point : 1790.00

Our preference : short positions below 1790.00 with targets at 1766.00 & 1758.00 in extension.

Alternative scenario : above 1790.00 look for further upside with 1800.00 & 1808.00 as targets.

Comment : the RSI is mixed with a bearish bias.

Supports and resistances :

1808.00 **
1800.00 *
1790.00
1779.96 – Last price
1766.00
1758.00 *
1746.00 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.