Technical Analysis (Gold) : XAU/USD 27 October 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 27 October 2022

Pivot point : 1657.00

Our preference : long positions above 1657.00 with targets at 1674.00 & 1680.00 in extension.

Alternative scenario : below 1657.00 look for further downside with 1649.00 & 1643.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1688.00 **
1680.00 *
1674.00
1663.04 – Last price
1657.00
1649.00 *
1643.00 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.