Technical Analysis (Gold) : XAU/USD 15 July 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 15 July 2020

Pivot point : 1803.00

Our preference : long positions above 1803.00 with targets at 1813.00 & 1818.00 in extension.

Alternative scenario : below 1803.00 look for further downside with 1798.00 & 1794.00 as targets.

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

Supports and resistances :

1824.00 **
1818.00 *
1813.00
1805.80 – Last price
1803.00
1798.00 *
1794.00 **

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

Source : Trading Central

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