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