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

Forex Technical Analysis : XAUUSD (Gold)

Date : 17 May 2023

Momentum : Down

First Scenario : short positions below 1992.98 with targets at 1985.10, 1980.70 and 1975.90

Second Scenario : long positions above 1992.98 with targets at 1999.30, 2003.10 and 2007.00

Comment : RSI - Bearish.

Supports and resistances :

2007.00 **
2003.10 *
1999.30
1988.35 - Last price
1985.10
1980.70 *
1975.90 **

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