Technical Analysis (Gold) : XAU/USD 2 August 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 2 August 2023

Momentum : Down

First Scenario : short positions below 1953.02 with targets at 1942.10, 1934.82 and 1926.79

Second Scenario : long positions above 1953.02 with targets at 1957.67, 1963.52 and 1972.23

Comment : Price - Bearish.

Supports and resistances :

1972.23 **
1963.52 *
1957.67
1948.35 - Last price
1942.10
1934.82 *
1926.79 **

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