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

Forex Technical Analysis : XAUUSD (Gold)

Date : 13 July 2020

Pivot point : 1745.00

Our preference : long positions above 1745.00 with targets at 1855.00 & 1885.00 in extension.

Alternative scenario : below 1745.00 look for further downside with 1705.00 & 1680.00 as targets.

Comment : the RSI lacks downward momentum.

Supports and resistances :

1915.00 **
1885.00 *
1855.00
1804.99 – Last price
1745.00
1705.00 *
1680.00 **

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

Source : Trading Central

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