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

Forex Technical Analysis : XAUUSD (Gold)

Date : 28 September 2022

Pivot point : 1635.00

Our preference : short positions below 1635.00 with targets at 1615.00 & 1608.00 in extension.

Alternative scenario : above 1635.00 look for further upside with 1642.00 & 1649.00 as targets.

Comment : the RSI is bearish and calls for further downside.

Supports and resistances :

1649.00 **
1642.00 *
1635.00
1624.22 – Last price
1615.00
1608.00 *
1600.00 **

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

Source : Trading Central

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