Technical Analysis (Gold) : XAU/USD 20 December 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 December 2022

Pivot point : 1783.00

Our preference : long positions above 1783.00 with targets at 1798.00 & 1803.00 in extension.

Alternative scenario : below 1783.00 look for further downside with 1778.00 & 1773.00 as targets.

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

Supports and resistances :

1808.00 **
1803.00 *
1798.00
1787.64 – Last price
1783.00
1778.00 *
1773.00 **

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

Source : Trading Central

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