Technical Analysis (Gold) : XAU/USD 24 November 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 24 November 2022

Pivot point : 1742.00

Our preference : long positions above 1742.00 with targets at 1767.00 & 1776.00 in extension.

Alternative scenario : below 1742.00 look for further downside with 1732.00 & 1725.00 as targets.

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

Supports and resistances :

1785.00 **
1776.00 *
1767.00
1753.03 – Last price
1742.00
1732.00 *
1725.00 **

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

Source : Trading Central

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