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

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 June 2023

Momentum : Up

First Scenario : long positions above 1961.90 with targets at 1967.50, 1974.75 and 1980.84

Second Scenario : short positions below 1961.90 with targets at 1954.10, 1946.64 and 1937.60

Comment : The price movement is no clear trend.

Supports and resistances :

1980.84 **
1974.75 *
1967.50
1962.60 - Last price
1954.10
1946.64 *
1937.60 **

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