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

Forex Technical Analysis : XAUUSD (Gold)

Date : 27 September 2022

Pivot point : 1638.00

Our preference : short positions below 1638.00 with targets at 1620.00 & 1608.00 in extension.

Alternative scenario : above 1638.00 look for further upside with 1649.00 & 1658.00 as targets.

Comment : as long as the resistance at 1638.00 is not surpassed, the risk of the break below 1620.00 remains high.

Supports and resistances :

1658.00 **
1649.00 *
1638.00
1631.02 – Last price
1620.00
1608.00 *
1600.00 **

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

Source : Trading Central

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