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

Forex Technical Analysis : XAUUSD (Gold)

Date : 17 October 2023

Momentum : Up

First Scenario : long positions above 1907.20 with targets at 1921.76, 1932.88 and 1947.39

Second Scenario : short positions below 1907.20 with targets at 1898.80, 1885.06 and 1875.20

Comment : The price movement is no clear trend.

Supports and resistances :

1947.39 **
1932.88 *
1921.76
1915.68 - Last price
1898.80
1885.06 *
1875.20 **

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