Technical Analysis (Gold) : XAU/USD 19 August 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 19 August 2020

Pivot point : 2006.00

Our preference : short positions below 2006.00 with targets at 1976.00 & 1966.00 in extension.

Alternative scenario : above 2006.00 look for further upside with 2015.00 & 2030.00 as targets.

Comment : the RSI is mixed to bearish.

Supports and resistances :

2030.00 **
2015.00 *
2006.00
1993.71 – 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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