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

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 September 2020

Pivot point : 1948.00

Our preference : long positions above 1948.00 with targets at 1972.00 & 1983.00 in extension.

Alternative scenario : below 1948.00 look for further downside with 1937.00 & 1931.00 as targets.

Comment : the RSI calls for a rebound.

Supports and resistances :

1992.00 **
1983.00 *
1972.00
1961.19 – Last price
1948.00
1937.00 *
1931.00 **

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

Source : Trading Central

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