Technical Analysis (Gold) : XAU/USD 5 November 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 November 2021

Pivot point : 1783.00

Our preference : long positions above 1783.00 with targets at 1810.00 & 1816.00 in extension.

Alternative scenario : below 1783.00 look for further downside with 1777.00 & 1770.00 as targets.

Comment : the RSI shows upside momentum.

Supports and resistances :

1822.00 **
1816.00 *
1810.00
1795.20 – Last price
1783.00
1777.00 *
1770.00 **

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

Source : Trading Central

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