11 August 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)
Date : 11 August 2020
Pivot point : 2024.00
Our preference : short positions below 2024.00 with targets at 1988.00 & 1971.00 in extension.
Alternative scenario : above 2024.00 look for further upside with 2036.00 & 2044.00 as targets.
Comment : the RSI advocates for further decline.
Supports and resistances :
2044.00 **
2036.00 *
2024.00
1996.90 – Last price
1988.00
1971.00 *
1959.00 **
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.