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

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 November 2022

Pivot point : 1766.00

Our preference : long positions above 1766.00 with targets at 1787.00 & 1795.00 in extension.

Alternative scenario : below 1766.00 look for further downside with 1758.00 & 1752.00 as targets.

Comment : the immediate trend remains up but the momentum is weak.

Supports and resistances :

1803.00 **
1795.00 *
1787.00
1773.58 – Last price
1766.00
1758.00 *
1752.00 **

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

Source : Trading Central

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