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

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 July 2020

Pivot point : 1814.00

Our preference : short positions below 1814.00 with targets at 1802.00 & 1796.00 in extension.

Alternative scenario : above 1814.00 look for further upside with 1818.00 & 1824.00 as targets.

Comment : the RSI advocates for further decline.

Supports and resistances :

1824.00 **
1818.00 *
1814.00
1806.47 – Last price
1802.00
1796.00 *
1790.00 **

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.