Technical Analysis (Gold) : XAU/USD 4 November 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 4 November 2022

Pivot point : 1627.00

Our preference : long positions above 1627.00 with targets at 1648.00 & 1657.00 in extension.

Alternative scenario : below 1627.00 look for further downside with 1621.00 & 1616.00 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

1669.00 **
1657.00 *
1648.00
1639.72 – Last price
1627.00
1621.00 *
1616.00 **

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

Source : Trading Central

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