Technical Analysis (Gold) : XAU/USD 16 April 2020

16 April 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 16 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 April 2020

Pivot point : 1650.00

Our preference : long positions above 1650.00 with targets at 1750.00 & 1790.00 in extension.

Alternative scenario : below 1650.00 look for further downside with 1610.00 & 1575.00 as targets.

Comment : the RSI is supported by a rising trend line.

Supports and resistances :

1835.00 **
1790.00 *
1750.00
1715.00 – Last price
1650.00
1610.00 *
1575.00 **

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

Source : Trading Central

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