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

Forex Technical Analysis : XAUUSD (Gold)

Date : 18 March 2020

Pivot point : 1533.00

Our preference : short positions below 1533.00 with targets at 1486.00 & 1465.00 in extension.

Alternative scenario : above 1533.00 look for further upside with 1546.00 & 1563.00 as targets.

Comment : the RSI shows downside momentum.

Supports and resistances :

1563.00 **
1546.00 *
1533.00
1506.00 – Last price
1486.00
1465.00 *
1445.00 **

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

Source : Trading Central

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