Technical Analysis (Gold) : XAU/USD 16 May 2024
16 May 2024 Analysis (Technical Analysis)XAU/USD (Gold)
Forex Technical Analysis : XAUUSD (Gold)
Date : 16 May 2024
Momentum : Up
First Scenario : long positions above 2383.20 with targets at 2401.93, 2417.89 and 2431.78
Second Scenario : short positions below 2383.20 with targets at 2372.70, 2361.66 and 2351.74
Comment : There is no clear trend in the price movement.
Supports and resistances :
2431.78 **
2417.89 *
2401.93
2388.67 - Last price
2372.70
2361.66 *
2351.74 **
Warning : This information is not a buy-sell signal.
