Technical Analysis (Gold) : XAU/USD 18 May 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 18 May 2023

Momentum : Down

First Scenario : short positions below 1981.60 with targets at 1974.70, 1971.30 and 1966.50

Second Scenario : long positions above 1981.60 with targets at 1987.70, 1992.98 and 2001.00

Comment : RSI - Bearish.

Supports and resistances :

2001.00 **
1992.98 *
1987.70
1979.67 - Last price
1974.70
1971.30 *
1966.50 **

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