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

Forex Technical Analysis : XAUUSD (Gold)

Date : 23 January 2023

Pivot point : 1920.00

Our preference : long positions above 1920.00 with targets at 1936.00 & 1942.00 in extension.

Alternative scenario : below 1920.00 look for further downside with 1913.00 & 1906.00 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1950.00 **
1942.00 *
1936.00
1927.67 – Last price
1920.00
1913.00 *
1906.00 **

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

Source : Trading Central

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