Technical Analysis (Gold) : XAU/USD 4 August 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 4 August 2023

Momentum : Up

First Scenario : long positions above 1939.11 with targets at 1945.00, 1954.77 and 1963.52

Second Scenario : short positions below 1939.11 with targets at 1928.90, 1920.20 and 1912.30

Comment : The price movement is no clear trend.

Supports and resistances :

1963.52 **
1954.77 *
1945.00
1937.31 - Last price
1928.90
1920.20 *
1912.30 **

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