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

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 July 2023

Momentum : Down

First Scenario : short positions below 1978.60 with targets at 1973.80, 1969.30 and 1963.11

Second Scenario : long positions above 1978.60 with targets at 1984.32, 1987.57 and 1995.77

Comment : RSI - Bearish divergence.

Supports and resistances :

1995.77 **
1987.57 *
1984.32
1980.86 - Last price
1973.80
1969.30 *
1963.11 **

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