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

Forex Technical Analysis : XAUUSD (Gold)

Date : 29 May 2023

Momentum : Down

First Scenario : short positions below 1947.51 with targets at 1942.90, 1939.90 and 1936.65

Second Scenario : long positions above 1947.51 with targets at 1950.60, 1953.73 and 1957.25

Comment : The price movement is no clear trend.

Supports and resistances :

1957.25 **
1953.73 *
1950.60
1945.94 - Last price
1942.90
1939.90 *
1936.65 **

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