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

Forex Technical Analysis : XAUUSD (Gold)

Date : 19 June 2020

Pivot point : 1728.00

Our preference : short positions below 1728.00 with targets at 1717.00 & 1712.50 in extension.

Alternative scenario : above 1728.00 look for further upside with 1733.00 & 1737.50 as targets.

Comment : as long as 1728.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1737.50 **
1733.00 *
1728.00
1725.00 – Last price
1717.00
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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