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

Forex Technical Analysis : XAUUSD (Gold)

Date : 18 November 2020

Pivot point : 1887.00

Our preference : short positions below 1887.00 with targets at 1872.00 & 1864.00 in extension.

Alternative scenario : above 1887.00 look for further upside with 1894.00 & 1899.00 as targets.

Comment : the RSI is bearish and calls for further downside.

Supports and resistances :

1899.00 **
1894.00 *
1887.00
1878.44 – Last price
1872.00
1864.00 *
1855.00 **

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

Source : Trading Central

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