Technical Analysis (Gold) : XAU/USD 20 January 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 January 2023

Pivot point : 1921.00

Our preference : long positions above 1921.00 with targets at 1935.00 & 1942.00 in extension.

Alternative scenario : below 1921.00 look for further downside with 1913.00 & 1906.00 as targets.

Comment : the RSI advocates for further upside.

Supports and resistances :

1950.00 **
1942.00 *
1935.00
1928.54 – Last price
1921.00
1913.00 *
1906.00 **

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

Source : Trading Central

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