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

Forex Technical Analysis : XAUUSD (Gold)

Date : 6 September 2022

Pivot point : 1707.00

Our preference : long positions above 1707.00 with targets at 1726.00 & 1731.00 in extension.

Alternative scenario : below 1707.00 look for further downside with 1702.00 & 1696.00 as targets.

Comment : the RSI calls for a bounce.

Supports and resistances :

1737.00 **
1731.00 *
1726.00
1718.15 – Last price
1707.00
1702.00 *
1696.00 **

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

Source : Trading Central

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