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

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 October 2023

Momentum : Up

First Scenario : long positions above 1913.32 with targets at 1926.55, 1932.88 and 1947.39

Second Scenario : short positions below 1913.32 with targets at 1905.30, 1898.80 and 1885.06

Comment : RSI - Bullish.

Supports and resistances :

1947.39 **
1932.88 *
1926.55
1919.70 - Last price
1905.30
1898.80 *
1885.06 **

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