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

Forex Technical Analysis : XAUUSD (Gold)

Date : 19 May 2020

Pivot point : 1750.00

Our preference : short positions below 1750.00 with targets at 1727.00 & 1718.00 in extension.

Alternative scenario : above 1750.00 look for further upside with 1757.00 & 1765.00 as targets.

Comment : as long as the resistance at 1750.00 is not surpassed, the risk of the break below 1727.00 remains high.

Supports and resistances :

1765.00 **
1757.00 *
1750.00
1736.36 – Last price
1727.00
1718.00 *
1709.00 **

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

Source : Trading Central

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