Technical Analysis (Gold) : XAU/USD 27 January 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 27 January 2023

Pivot point : 1919.00

Our preference : long positions above 1919.00 with targets at 1934.00 & 1942.00 in extension.

Alternative scenario : below 1919.00 look for further downside with 1912.00 & 1903.00 as targets.

Comment : a support base at 1919.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

1949.00 **
1942.00 *
1934.00
1924.20 – Last price
1919.00
1912.00 *
1903.00 **

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

Source : Trading Central

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