Technical Analysis (Gold) : XAU/USD 2 December 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 2 December 2022

Pivot point : 1789.00

Our preference : long positions above 1789.00 with targets at 1804.00 & 1811.00 in extension.

Alternative scenario : below 1789.00 look for further downside with 1782.00 & 1774.00 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1823.00 **
1811.00 *
1804.00
1797.09 – Last price
1789.00
1782.00 *
1774.00 **

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

Source : Trading Central

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