Technical Analysis (Gold) : XAU/USD 13 August 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 13 August 2020

Pivot point : 1906.00

Our preference : long positions above 1906.00 with targets at 1950.00 & 1970.00 in extension.

Alternative scenario : below 1906.00 look for further downside with 1880.00 & 1863.00 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

1995.00 **
1970.00 *
1950.00
1928.93 – Last price
1906.00
1880.00 *
1863.00 **

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

Source : Trading Central

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