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

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 June 2023

Momentum : Down

First Scenario : short positions below 1960.29 with targets at 1949.54, 1939.60 and 1928.84

Second Scenario : long positions above 1960.29 with targets at 1968.48, 1974.75 and 1983.10

Comment : RSI - Bearish divergence.

Supports and resistances :

1983.10 **
1974.75 *
1968.48
1956.29 - Last price
1949.54
1939.60 *
1928.84 **

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