Technical Analysis (Gold) : XAU/USD 17 July 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 17 July 2023

Momentum : Down

First Scenario : short positions below 1950.60 with targets at 1940.97, 1936.39 and 1930.00

Second Scenario : long positions above 1950.60 with targets at 1959.66, 1963.81 and 1967.89

Comment : The price movement is no clear trend.

Supports and resistances :

1967.89 **
1963.81 *
1959.66
1953.47 - Last price
1940.97
1936.39 *
1930.00 **

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