Technical Analysis (Gold) : XAU/USD 10 March 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 10 March 2020

Pivot point : 1671.00

Our preference : short positions below 1671.00 with targets at 1642.00 & 1632.00 in extension.

Alternative scenario : above 1671.00 look for further upside with 1687.00 & 1703.00 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

1703.00 **
1687.00 *
1671.00
1658.00 – Last price
1642.00
1632.00 *
1611.00 **

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

Source : Trading Central

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