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

Forex Technical Analysis : XAUUSD (Gold)

Date : 17 July 2020

Pivot point : 1803.00

Our preference : short positions below 1803.00 with targets at 1794.00 & 1790.00 in extension.

Alternative scenario : above 1803.00 look for further upside with 1807.00 & 1811.00 as targets.

Comment : a break below 1794.00 would trigger a drop towards 1790.00.

Supports and resistances :

1811.00 **
1807.00 *
1803.00
1798.21 – Last price
1794.00
1790.00 *
1785.00 **

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

Source : Trading Central

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