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

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 July 2023

Momentum : Up

First Scenario : long positions above 1908.50 with targets at 1916.06, 1927.55 and 1934.97

Second Scenario : short positions below 1908.50 with targets at 1902.20, 1892.80 and 1885.40

Comment : RSI - Bullish divergence.

Supports and resistances :

1934.97 **
1927.55 *
1916.06
1913.30 - Last price
1902.20
1892.80 *
1885.40 **

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