Technical Analysis (Gold) : XAU/USD 24 January 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 24 January 2023

Pivot point : 1924.00

Our preference : long positions above 1924.00 with targets at 1942.00 & 1950.00 in extension.

Alternative scenario : below 1924.00 look for further downside with 1917.00 & 1911.00 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

1959.00 **
1950.00 *
1942.00
1934.86 – Last price
1924.00
1917.00 *
1911.00 **

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

Source : Trading Central

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