Technical Analysis (Gold) : XAU/USD 12 March 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 12 March 2020

Pivot point : 1650.00

Our preference : short positions below 1650.00 with targets at 1623.00 & 1611.00 in extension.

Alternative scenario : above 1650.00 look for further upside with 1656.00 & 1663.00 as targets.

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

Supports and resistances :

1663.00 **
1656.00 *
1650.00
1632.67 – Last price
1623.00
1611.00 *
1600.00 **

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

Source : Trading Central

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