17 November 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)
Date : 17 November 2020
Pivot point : 1879.00
Our preference : long positions above 1879.00 with targets at 1899.00 & 1909.00 in extension.
Alternative scenario : below 1879.00 look for further downside with 1871.00 & 1864.00 as targets.
Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances :
1916.00 **
1909.00 *
1899.00
1886.60 – Last price
1879.00
1871.00 *
1864.00 **
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.