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

5 May 2022 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 5 May 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 May 2022

Pivot point : 1880.00

Our preference : long positions above 1880.00 with targets at 1920.00 & 1931.00 in extension.

Alternative scenario : below 1880.00 look for further downside with 1871.00 & 1861.00 as targets.

Comment : the RSI advocates for further upside.

Supports and resistances :

1939.00 **
1931.00 *
1920.00
1901.91 – Last price
1880.00
1871.00 *
1861.00 **

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

Source : Trading Central

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