Technical Analysis (Gold) : XAU/USD 3 November 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 3 November 2022

Pivot point : 1642.00

Our preference : short positions below 1642.00 with targets at 1631.00 & 1627.00 in extension.

Alternative scenario : above 1642.00 look for further upside with 1655.00 & 1657.00 as targets.

Comment : the index currently faces a challenging resistance area at 1642.00.

Supports and resistances :

1657.00 **
1655.00 *
1642.00
1639.80 – Last price
1631.00
1627.00 *
1617.00 **

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

Source : Trading Central

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