Technical Analysis (Gold) : XAU/USD 28 October 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 28 October 2022

Pivot point : 1669.00

Our preference : short positions below 1669.00 with targets at 1655.00 & 1649.00 in extension.

Alternative scenario : above 1669.00 look for further upside with 1675.00 & 1680.00 as targets.

Comment : as long as 1669.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1680.00 **
1675.00 *
1669.00
1663.97 – Last price
1655.00
1649.00 *
1643.00 **

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

Source : Trading Central

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