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

Forex Technical Analysis : XAUUSD (Gold)

Date : 1 June 2020

Pivot point : 1731.00

Our preference : long positions above 1731.00 with targets at 1753.00 & 1759.00 in extension.

Alternative scenario : below 1731.00 look for further downside with 1722.00 & 1716.00 as targets.

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

Supports and resistances :

1765.00 **
1759.00 *
1753.00
1742.22 – Last price
1731.00
1722.00 *
1716.00 **

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

Source : Trading Central

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