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

Forex Technical Analysis : XAUUSD (Gold)

Date : 18 June 2020

Pivot point : 1720.50

Our preference : long positions above 1720.50 with targets at 1733.00 & 1740.00 in extension.

Alternative scenario : below 1720.50 look for further downside with 1712.50 & 1704.00 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

1745.00 **
1740.00 *
1733.00
1725.15 – Last price
1720.50
1712.50 *
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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