Technical Analysis (Gold) : XAU/USD 3 February 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 3 February 2023

Pivot point : 1930.00

Our preference : short positions below 1930.00 with targets at 1911.00 & 1900.00 in extension.

Alternative scenario : above 1930.00 look for further upside with 1940.00 & 1949.00 as targets.

Comment : the RSI calls for a new downleg.

Supports and resistances :

1949.00 **
1940.00 *
1930.00
1915.99 – Last price
1911.00
1900.00 *
1885.00 **

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

Source : Trading Central

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