Technical Analysis (Gold) : XAU/USD 8 November 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 8 November 2023

Momentum : Down

First Scenario : short positions below 1970.32 with targets at 1963.80, 1961.30 and 1956.30

Second Scenario : long positions above 1970.32 with targets at 1974.21, 1978.40 and 1984.45

Comment : The price movement is no clear trend.

Supports and resistances :

1984.45 **
1978.40 *
1974.21
1967.76 - Last price
1963.80
1961.30 *
1956.30 **

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