16 September 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (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
If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.