Technical Analysis (Gold) : XAU/USD 25 January 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 25 January 2023

Pivot point : 1937.00

Our preference : short positions below 1937.00 with targets at 1921.00 & 1916.00 in extension.

Alternative scenario : above 1937.00 look for further upside with 1942.00 & 1948.00 as targets.

Comment : the RSI advocates for further downside.

Supports and resistances :

1948.00 **
1942.00 *
1937.00
1927.87 – Last price
1921.00
1916.00 *
1911.00 **

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

Source : Trading Central

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