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

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 November 2023

Momentum : Down

First Scenario : short positions below 1966.55 with targets at 1953.30, 1947.20 and 1940.53

Second Scenario : long positions above 1966.55 with targets at 1974.07, 1981.80 and 1989.07

Comment : Price - Bearish.

Supports and resistances :

1989.07 **
1981.80 *
1974.07
1962.04 - Last price
1953.30
1947.20 *
1940.53 **

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