Technical Analysis (Gold) : XAU/USD 5 December 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 December 2022

Pivot point : 1792.00

Our preference : long positions above 1792.00 with targets at 1821.00 & 1832.00 in extension.

Alternative scenario : below 1792.00 look for further downside with 1778.00 & 1770.00 as targets.

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

Supports and resistances :

1843.00 **
1832.00 *
1821.00
1808.87 – Last price
1792.00
1778.00 *
1770.00 **

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

Source : Trading Central

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