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

12 October 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 12 October 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 12 October 2020

Pivot point : 1916.00

Our preference : long positions above 1916.00 with targets at 1942.00 & 1954.00 in extension.

Alternative scenario : below 1916.00 look for further downside with 1905.00 & 1896.00 as targets.

Comment : the RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances :

1966.00 **
1954.00 *
1942.00
1928.89 – Last price
1916.00
1905.00 *
1896.00 **

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

Source : Trading Central

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