Technical Analysis (Gold) : XAU/USD 14 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 14 April 2020

Pivot point : 1700.00

Our preference : long positions above 1700.00 with targets at 1729.00 & 1740.00 in extension.

Alternative scenario : below 1700.00 look for further downside with 1685.00 & 1675.00 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1750.00 **
1740.00 *
1729.00
1714.90 – Last price
1700.00
1685.00 *
1675.00 **

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

Source : Trading Central

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