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

14 August 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 14 August 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 14 August 2020

Pivot point : 1935.00

Our preference : long positions above 1935.00 with targets at 1970.00 & 1995.00 in extension.

Alternative scenario : below 1935.00 look for further downside with 1920.00 & 1906.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

2015.00 **
1995.00 *
1970.00
1953.34 – Last price
1935.00
1920.00 *
1906.00 **

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

Source : Trading Central

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