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