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

Forex Technical Analysis : XAUUSD (Gold)

Date : 4 October 2022

Pivot point : 1686.00

Our preference : long positions above 1686.00 with targets at 1710.00 & 1720.00 in extension.

Alternative scenario : below 1686.00 look for further downside with 1674.00 & 1658.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1734.00 **
1720.00 *
1710.00
1699.49 – Last price
1686.00
1674.00 *
1658.00 **

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

Source : Trading Central

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