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

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 November 2020

Pivot point : 1880.00

Our preference : long positions above 1880.00 with targets at 1912.00 & 1921.00 in extension.

Alternative scenario : below 1880.00 look for further downside with 1873.00 & 1867.00 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

1935.00 **
1921.00 *
1912.00
1896.35 – Last price
1880.00
1873.00 *
1867.00 **

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

Source : Trading Central

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