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

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 October 2022

Pivot point : 1710.00

Our preference : long positions above 1710.00 with targets at 1734.00 & 1748.00 in extension.

Alternative scenario : below 1710.00 look for further downside with 1699.00 & 1686.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1762.00 **
1748.00 *
1734.00
1720.99 – Last price
1710.00
1699.00 *
1686.00 **

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

Source : Trading Central

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