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

Forex Technical Analysis : XAUUSD (Gold)

Date : 2 November 2022

Pivot point : 1642.00

Our preference : long positions above 1642.00 with targets at 1655.00 & 1661.00 in extension.

Alternative scenario : below 1642.00 look for further downside with 1637.00 & 1631.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1667.00 **
1661.00 *
1655.00
1650.31 – Last price
1642.00
1637.00 *
1631.00 **

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

Source : Trading Central

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