Technical Analysis (Gold) : XAU/USD 29 August 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 29 August 2023

Momentum : Up

First Scenario : long positions above 1920.31 with targets at 1926.04, 1932.36 and 1938.11

Second Scenario : short positions below 1920.31 with targets at 1914.30, 1907.19 and 1900.90

Comment : The price movement is no clear trend.

Supports and resistances :

1938.11 **
1932.36 *
1926.04
1922.70 - Last price
1914.30
1907.19 *
1900.90 **

Warning : This information is not a buy-sell signal.