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

Forex Technical Analysis : XAUUSD (Gold)

Date : 11 June 2020

Pivot point : 1721.00

Our preference : long positions above 1721.00 with targets at 1745.00 & 1755.00 in extension.

Alternative scenario : below 1721.00 look for further downside with 1708.00 & 1696.00 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

1765.00 **
1755.00 *
1745.00
1730.68 – Last price
1721.00
1708.00 *
1696.00 **

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

Source : Trading Central

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