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

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 October 2023

Momentum : Up

First Scenario : long positions above 1970.30 with targets at 1982.32, 1988.68 and 2000.60

Second Scenario : short positions below 1970.30 with targets at 1962.58, 1948.70 and 1938.10

Comment : The price movement is no clear trend.

Supports and resistances :

2000.60 **
1988.68 *
1982.32
1978.34 - Last price
1962.58
1948.70 *
1938.10 **

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