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

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 June 2020

Pivot point : 1723.00

Our preference : long positions above 1723.00 with targets at 1735.00 & 1740.00 in extension.

Alternative scenario : below 1723.00 look for further downside with 1715.00 & 1704.00 as targets.

Comment : technically the RSI is above its neutrality area at 50.

Supports and resistances :

1745.00 **
1740.00 *
1735.00
1726.96 – Last price
1723.00
1715.00 *
1704.00 **

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

Source : Trading Central

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