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

Forex Technical Analysis : XAUUSD (Gold)

Date : 15 June 2020

Pivot point : 1741.00

Our preference : short positions below 1741.00 with targets at 1719.00 & 1708.00 in extension.

Alternative scenario : above 1741.00 look for further upside with 1754.00 & 1760.00 as targets.

Comment : as long as 1741.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1760.00 **
1754.00 *
1741.00
1728.14 – Last price
1719.00
1708.00 *
1696.00 **

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

Source : Trading Central

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