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

Forex Technical Analysis : XAUUSD (Gold)

Date : 15 May 2020

Pivot point : 1722.00

Our preference : long positions above 1722.00 with targets at 1743.00 & 1748.00 in extension.

Alternative scenario : below 1722.00 look for further downside with 1709.00 & 1702.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1755.00 **
1748.00 *
1743.00
1730.57 – Last price
1722.00
1709.00 *
1702.00 **

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

Source : Trading Central

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