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

Forex Technical Analysis : XAUUSD (Gold)

Date : 17 March 2020

Pivot point : 1520.00

Our preference : short positions below 1520.00 with targets at 1476.00 & 1451.00 in extension.

Alternative scenario : above 1520.00 look for further upside with 1549.00 & 1577.00 as targets.

Comment : as long as 1520.00 is resistance, expect a return to 1476.00.

Supports and resistances :

1577.00 **
1549.00 *
1520.00
1502.59 – Last price
1476.00
1451.00 *
1433.00 **

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

Source : Trading Central

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