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

Forex Technical Analysis : XAUUSD (Gold)

Date : 17 August 2020

Pivot point : 1956.00

Our preference : short positions below 1956.00 with targets at 1929.00 & 1920.00 in extension.

Alternative scenario : above 1956.00 look for further upside with 1966.00 & 1983.00 as targets.

Comment : the RSI is mixed to bearish.

Supports and resistances :

1983.00 **
1966.00 *
1956.00
1944.45 – Last price
1929.00
1920.00 *
1906.00 **

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

Source : Trading Central

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