Technical Analysis (Gold) : XAU/USD 17 May 2021

17 May 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 17 May 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 17 May 2021

Pivot point : 1836.00

Our preference : long positions above 1836.00 with targets at 1865.00 & 1875.00 in extension.

Alternative scenario : below 1836.00 look for further downside with 1828.00 & 1819.00 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

1885.00 **
1875.00 *
1865.00
1852.90 – Last price
1836.00
1828.00 *
1819.00 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



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