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

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 June 2023

Momentum : Up

First Scenario : long positions above 1947.52 with targets at 1953.00, 1960.70 and 1968.72

Second Scenario : short positions below 1947.52 with targets at 1939.90, 1931.80 and 1925.50

Comment : RSI - Bullish divergence.

Supports and resistances :

1968.72 **
1960.70 *
1953.00
1945.35 - Last price
1939.90
1931.80 *
1925.50 **

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