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

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 May 2023

Momentum : Down

First Scenario : short positions below 2018.28 with targets at 2011.10, 2007.00 and 2000.60

Second Scenario : long positions above 2018.28 with targets at 2022.00, 2027.00 and 2033.00

Comment : The price movement is no clear trend.

Supports and resistances :

2033.00 **
2027.00 *
2022.00
2016.09 - Last price
2011.10
2007.00 *
2000.60 **

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