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

Forex Technical Analysis : XAUUSD (Gold)

Date : 1 May 2020

Pivot point : 1697.00

Our preference : short positions below 1697.00 with targets at 1679.00 & 1670.00 in extension.

Alternative scenario : above 1697.00 look for further upside with 1707.00 & 1715.00 as targets.

Comment : technically the RSI is below its neutrality area at 50.

Supports and resistances :

1715.00 **
1707.00 *
1697.00
1687.40 – Last price
1679.00
1670.00 *
1658.00 **

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

Source : Trading Central

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