Technical Analysis (Gold) : XAU/USD 7 August 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 August 2023

Momentum : Down

First Scenario : short positions below 1946.88 with targets at 1934.14, 1929.20 and 1920.20

Second Scenario : long positions above 1946.88 with targets at 1954.77, 1963.52 and 1972.23

Comment : RSI - Bearish.

Supports and resistances :

1972.23 **
1963.52 *
1954.77
1936.85 - Last price
1934.14
1929.20 *
1920.20 **

Warning : This information is not a buy-sell signal.