Technical Analysis (Gold) : XAU/USD 1 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 1 April 2020

Pivot point : 1595.00

Our preference : short positions below 1595.00 with targets at 1574.00 & 1566.00 in extension.

Alternative scenario : above 1595.00 look for further upside with 1604.00 & 1613.00 as targets.

Comment : as long as the resistance at 1595.00 is not surpassed, the risk of the break below 1574.00 remains high.

Supports and resistances :

1613.00 **
1604.00 *
1595.00
1586.88 – Last price
1574.00
1566.00 *
1558.00 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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