Technical Analysis (Gold) : XAU/USD 8 November 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 8 November 2022

Pivot point : 1664.00

Our preference : long positions above 1664.00 with targets at 1682.00 & 1690.00 in extension.

Alternative scenario : below 1664.00 look for further downside with 1653.00 & 1643.00 as targets.

Comment : the immediate trend remains up but the momentum is weak.

Supports and resistances :

1698.00 **
1690.00 *
1682.00
1673.13 – Last price
1664.00
1653.00 *
1643.00 **

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

Source : Trading Central

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