Technical Analysis (Gold) : XAU/USD 17 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 17 April 2020

Pivot point : 1721.00

Our preference : short positions below 1721.00 with targets at 1700.00 & 1689.00 in extension.

Alternative scenario : above 1721.00 look for further upside with 1731.00 & 1739.00 as targets.

Comment : as long as the resistance at 1721.00 is not surpassed, the risk of the break below 1700.00 remains high.

Supports and resistances :

1739.00 **
1731.00 *
1721.00
1706.09 – Last price
1700.00
1689.00 *
1676.00 **

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

Source : Trading Central

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