Technical Analysis (Gold) : XAU/USD 6 December 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 6 December 2022

Pivot point : 1780.00

Our preference : short positions below 1780.00 with targets at 1765.00 & 1757.00 in extension.

Alternative scenario : above 1780.00 look for further upside with 1789.00 & 1800.00 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

1800.00 **
1789.00 *
1780.00
1769.19 – Last price
1765.00
1757.00 *
1750.00 **

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

Source : Trading Central

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