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

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 October 2022

Pivot point : 1637.00

Our preference : short positions below 1637.00 with targets at 1614.00 & 1608.00 in extension.

Alternative scenario : above 1637.00 look for further upside with 1645.00 & 1654.00 as targets.

Comment : the RSI shows downside momentum.

Supports and resistances :

1654.00 **
1645.00 *
1637.00
1625.10 – Last price
1614.00
1608.00 *
1600.00 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.