Technical Analysis (Gold) : XAU/USD 7 October 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 October 2022

Pivot point : 1719.00

Our preference : short positions below 1719.00 with targets at 1703.00 & 1694.00 in extension.

Alternative scenario : above 1719.00 look for further upside with 1727.00 & 1735.00 as targets.

Comment : the RSI is mixed with a bearish bias.

Supports and resistances :

1735.00 **
1727.00 *
1719.00
1710.44 – Last price
1703.00
1694.00 *
1686.00 **

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

Source : Trading Central

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