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

Forex Technical Analysis : XAUUSD (Gold)

Date : 12 November 2020

Pivot point : 1881.00

Our preference : short positions below 1881.00 with targets at 1850.00 & 1839.00 in extension.

Alternative scenario : above 1881.00 look for further upside with 1891.00 & 1905.00 as targets.

Comment : intraday technical indicators are mixed.

Supports and resistances :

1905.00 **
1891.00 *
1881.00
1870.51 – Last price
1850.00
1839.00 *
1828.00 **

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

Source : Trading Central

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