Technical Analysis (Gold) : XAU/USD 25 October 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 25 October 2022

Pivot point : 1643.00

Our preference : long positions above 1643.00 with targets at 1661.00 & 1670.00 in extension.

Alternative scenario : below 1643.00 look for further downside with 1634.00 & 1624.00 as targets.

Comment : a support base at 1643.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

1678.00 **
1670.00 *
1661.00
1651.85 – Last price
1643.00
1634.00 *
1624.00 **

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

Source : Trading Central

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