14 May 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)
Date : 14 May 2020
Pivot point : 1705.00
Our preference : long positions above 1705.00 with targets at 1720.00 & 1728.00 in extension.
Alternative scenario : below 1705.00 look for further downside with 1697.00 & 1690.00 as targets.
Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances :
1711.81 – Last price
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.