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

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 March 2023

Pivot point : 1964.00

Our preference : long positions above 1964.00 with targets at 1990.00 & 2000.00 in extension.

Alternative scenario : below 1964.00 look for further downside with 1955.00 & 1945.00 as targets.

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

Supports and resistances :

2010.00 **
2000.00 *
1990.00
1973.48 – Last price
1964.00
1955.00 *
1945.00 **

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

Source : Trading Central

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