Technical Analysis (Gold) : XAU/USD 19 October 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 19 October 2022

Pivot point : 1660.00

Our preference : short positions below 1660.00 with targets at 1639.00 & 1630.00 in extension.

Alternative scenario : above 1660.00 look for further upside with 1668.00 & 1675.00 as targets.

Comment : as long as 1660.00 is resistance, expect a return to 1639.00.

Supports and resistances :

1675.00 **
1668.00 *
1660.00
1648.06 – Last price
1639.00
1630.00 *
1621.00 **

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

Source : Trading Central

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