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

Forex Technical Analysis : XAUUSD (Gold)

Date : 4 September 2023

Momentum : Down

First Scenario : short positions below 1949.05 with targets at 1938.70, 1926.04 and 1914.30

Second Scenario : long positions above 1949.05 with targets at 1954.77, 1963.52 and 1972.23

Comment : RSI - Bearish divergence.

Supports and resistances :

1972.23 **
1963.52 *
1954.77
1945.49 - Last price
1938.70
1926.04 *
1914.30 **

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