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

Forex Technical Analysis : XAUUSD (Gold)

Date : 18 May 2020

Pivot point : 1744.00

Our preference : long positions above 1744.00 with targets at 1768.00 & 1780.00 in extension.

Alternative scenario : below 1744.00 look for further downside with 1736.00 & 1726.00 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

1790.00 **
1780.00 *
1768.00
1760.80 – Last price
1744.00
1736.00 *
1726.00 **

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

Source : Trading Central

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