Technical Analysis (Gold) : XAU/USD 18 May 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 18 May 2022

Pivot point : 1822.00

Our preference : short positions below 1822.00 with targets at 1798.00 & 1786.00 in extension.

Alternative scenario : above 1822.00 look for further upside with 1829.00 & 1836.00 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

1836.00 **
1829.00 *
1822.00
1808.80 – Last price
1798.00
1786.00 *
1773.00 **

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

Source : Trading Central

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