Technical Analysis (Gold) : XAU/USD 18 August 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 18 August 2020

Pivot point : 1976.00

Our preference : long positions above 1976.00 with targets at 2003.00 & 2015.00 in extension.

Alternative scenario : below 1976.00 look for further downside with 1966.00 & 1956.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

2030.00 **
2015.00 *
2003.00
1991.56 – Last price
1976.00
1966.00 *
1956.00 **

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

Source : Trading Central

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