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

Forex Technical Analysis : XAUUSD (Gold)

Date : 21 September 2022

Pivot point : 1669.00

Our preference : short positions below 1669.00 with targets at 1659.00 & 1653.00 in extension.

Alternative scenario : above 1669.00 look for further upside with 1674.00 & 1679.00 as targets.

Comment : as long as the resistance at 1669.00 is not surpassed, the risk of the break below 1659.00 remains high.

Supports and resistances :

1679.00 **
1674.00 *
1669.00
1661.84 – Last price
1659.00
1653.00 *
1647.00 **

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

Source : Trading Central

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