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

Forex Technical Analysis : XAUUSD (Gold)

Date : 1 September 2020

Pivot point : 1970.00

Our preference : long positions above 1970.00 with targets at 2000.00 & 2017.00 in extension.

Alternative scenario : below 1970.00 look for further downside with 1962.00 & 1954.00 as targets.

Comment : the RSI advocates for further advance.

Supports and resistances :

2034.00 **
2017.00 *
2000.00
1987.02 – Last price
1970.00
1962.00 *
1954.00 **

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

Source : Trading Central

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