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

Forex Technical Analysis : XAUUSD (Gold)

Date : 14 July 2020

Pivot point : 1806.00

Our preference : short positions below 1806.00 with targets at 1788.00 & 1780.00 in extension.

Alternative scenario : above 1806.00 look for further upside with 1811.00 & 1815.00 as targets.

Comment : the RSI advocates for further decline.

Supports and resistances :

1815.00 **
1811.00 *
1806.00
1796.43 – Last price
1788.00
1780.00 *
1774.00 **

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

Source : Trading Central

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