Technical Analysis (Gold) : XAU/USD 9 December 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 9 December 2022

Pivot point : 1780.00

Our preference : long positions above 1780.00 with targets at 1803.00 & 1811.00 in extension.

Alternative scenario : below 1780.00 look for further downside with 1775.00 & 1769.00 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

1818.00 **
1811.00 *
1803.00
1794.70 – Last price
1780.00
1775.00 *
1769.00 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.