Technical Analysis (Gold) : XAU/USD 21 October 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 21 October 2022

Pivot point : 1637.00

Our preference : short positions below 1637.00 with targets at 1621.00 & 1610.00 in extension.

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

Comment : a break below 1621.00 would trigger a drop towards 1610.00.

Supports and resistances :

1654.00 **
1645.00 *
1637.00
1626.04 – Last price
1621.00
1610.00 *
1600.00 **

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

Source : Trading Central

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