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

Forex Technical Analysis : XAUUSD (Gold)

Date : 13 May 2020

Pivot point : 1711.00

Our preference : short positions below 1711.00 with targets at 1696.00 & 1690.00 in extension.

Alternative scenario : above 1711.00 look for further upside with 1716.00 & 1723.00 as targets.

Comment : a break below 1696.00 would trigger a drop towards 1690.00.

Supports and resistances :

1723.00 **
1716.00 *
1711.00
1703.69 – Last price
1696.00
1690.00 *
1681.00 **

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

Source : Trading Central

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