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

Forex Technical Analysis : XAUUSD (Gold)

Date : 11 March 2020

Pivot point : 1649.00

Our preference : long positions above 1649.00 with targets at 1671.00 & 1681.00 in extension.

Alternative scenario : below 1649.00 look for further downside with 1642.00 & 1632.00 as targets.

Comment : the RSI advocates for further advance.

Supports and resistances :

1690.00 **
1681.00 *
1671.00
1662.70 – Last price
1649.00
1642.00 *
1632.00 **

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

Source : Trading Central

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