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

Forex Technical Analysis : XAUUSD (Gold)

Date : 23 May 2023

Momentum : Up

First Scenario : long positions above 1960.10 with targets at 1968.60, 1972.80 and 1978.93

Second Scenario : short positions below 1960.10 with targets at 1956.70, 1953.60 and 1949.30

Comment : The price movement is no clear trend.

Supports and resistances :

1978.93 **
1972.80 *
1968.60
1962.69 - Last price
1956.70
1953.60 *
1949.30 **

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