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

18 November 2022 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 18 November 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 18 November 2022

Pivot point : 1770.00

Our preference : short positions below 1770.00 with targets at 1754.00 & 1746.00 in extension.

Alternative scenario : above 1770.00 look for further upside with 1779.00 & 1786.00 as targets.

Comment : as long as the resistance at 1770.00 is not surpassed, the risk of the break below 1754.00 remains high.

Supports and resistances :

1786.00 **
1779.00 *
1770.00
1761.58 – Last price
1754.00
1746.00 *
1740.00 **

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

Source : Trading Central

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