Technical Analysis (Gold) : XAU/USD 23 August 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 23 August 2023

Momentum : Down

First Scenario : short positions below 1903.43 with targets at 1896.05, 1889.02 and 1884.50

Second Scenario : long positions above 1903.43 with targets at 1909.90, 1916.25 and 1920.94

Comment : RSI - Bearish divergence.

Supports and resistances :

1920.94 **
1916.25 *
1909.90
1900.99 - Last price
1896.05
1889.02 *
1884.50 **

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