Technical Analysis (Gold) : XAU/USD 5 January 2023

5 January 2023 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 5 January 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 January 2023

Pivot point : 1846.00

Our preference : long positions above 1846.00 with targets at 1865.00 & 1872.00 in extension.

Alternative scenario : below 1846.00 look for further downside with 1838.00 & 1831.00 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1883.00 **
1872.00 *
1865.00
1855.13 – Last price
1846.00
1838.00 *
1831.00 **

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

Source : Trading Central

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