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

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 November 2023

Momentum : Down

First Scenario : short positions below 1974.80 with targets at 1969.69, 1965.83 and 1960.90

Second Scenario : long positions above 1974.80 with targets at 1978.40, 1982.90 and 1988.39

Comment : RSI - Downside momentum.

Supports and resistances :

1988.39 **
1982.90 *
1978.40
1972.52 - Last price
1969.69
1965.83 *
1960.90 **

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