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

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 September 2022

Pivot point : 1679.00

Our preference : short positions below 1679.00 with targets at 1650.00 & 1640.00 in extension.

Alternative scenario : above 1679.00 look for further upside with 1690.00 & 1700.00 as targets.

Comment : as long as 1679.00 is resistance, likely decline to 1650.00.

Supports and resistances :

1700.00 **
1690.00 *
1679.00
1663.70 – Last price
1650.00
1640.00 *
1632.00 **

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

Source : Trading Central

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