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

Forex Technical Analysis : XAUUSD (Gold)

Date : 1 October 2020

Pivot point : 1884.00

Our preference : long positions above 1884.00 with targets at 1902.00 & 1907.00 in extension.

Alternative scenario : below 1884.00 look for further downside with 1880.00 & 1875.00 as targets.

Comment : the RSI calls for a bounce.

Supports and resistances :

1912.00 **
1907.00 *
1902.00
1893.59 – Last price
1884.00
1880.00 *
1875.00 **

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

Source : Trading Central

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