Technical Analysis (Gold) : XAU/USD 6 January 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 6 January 2023

Pivot point : 1843.00

Our preference : short positions below 1843.00 with targets at 1830.00 & 1824.00 in extension.

Alternative scenario : above 1843.00 look for further upside with 1850.00 & 1859.00 as targets.

Comment : the RSI is mixed and calls for caution.

Supports and resistances :

1859.00 **
1850.00 *
1843.00
1840.05 – Last price
1830.00
1824.00 *
1817.00 **

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

Source : Trading Central

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