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

Forex Technical Analysis : XAUUSD (Gold)

Date : 11 September 2020

Pivot point : 1950.00

Our preference : short positions below 1950.00 with targets at 1934.00 & 1925.00 in extension.

Alternative scenario : above 1950.00 look for further upside with 1957.00 & 1966.50 as targets.

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

Supports and resistances :

1966.50 **
1957.00 *
1950.00
1939.84 – Last price
1934.00
1925.00 *
1919.00 **

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

Source : Trading Central

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