Technical Analysis (Gold) : XAU/USD 11 August 2020

Forex Technical Analysis : XAUUSD (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

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