Technical Analysis (Gold) : XAU/USD 31 July 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 31 July 2023

Momentum : Up

First Scenario : long positions above 1951.90 with targets at 1956.79, 1963.52 and 1970.60

Second Scenario : short positions below 1951.90 with targets at 1947.60, 1942.10 and 1933.30

Comment : The price movement is no clear trend.

Supports and resistances :

1970.60 **
1963.52 *
1956.79
1954.64 - Last price
1947.60
1942.10 *
1933.30 **

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