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

Forex Technical Analysis : XAUUSD (Gold)

Date : 17 June 2020

Pivot point : 1733.00

Our preference : short positions below 1733.00 with targets at 1716.50 & 1711.00 in extension.

Alternative scenario : above 1733.00 look for further upside with 1740.00 & 1745.00 as targets.

Comment : as long as 1733.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1745.00 **
1740.00 *
1733.00
1725.70 – Last price
1716.50
1711.00 *
1704.00 **

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

Source : Trading Central

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