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

Forex Technical Analysis : XAUUSD (Gold)

Date : 29 March 2023

Pivot point : 1962.00

Our preference : long positions above 1962.00 with targets at 1975.00 & 1979.00 in extension.

Alternative scenario : below 1962.00 look for further downside with 1956.00 & 1948.00 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1987.00 **
1979.00 *
1975.00
1966.44 – Last price
1962.00
1956.00 *
1948.00 **

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

Source : Trading Central

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