Technical Analysis (Gold) : XAU/USD 9 January 2023

Forex Technical Analysis : XAUUSD (Gold)

Date : 9 January 2023

Pivot point : 1862.00

Our preference : long positions above 1862.00 with targets at 1891.00 & 1900.00 in extension.

Alternative scenario : below 1862.00 look for further downside with 1852.00 & 1840.00 as targets.

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

Supports and resistances :

1910.00 **
1900.00 *
1891.00
1877.38 – Last price
1862.00
1852.00 *
1840.00 **

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

Source : Trading Central

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