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

Forex Technical Analysis : XAUUSD (Gold)

Date : 19 November 2020

Pivot point : 1874.00

Our preference : short positions below 1874.00 with targets at 1855.00 & 1848.00 in extension.

Alternative scenario : above 1874.00 look for further upside with 1885.00 & 1892.00 as targets.

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

Supports and resistances :

1892.00 **
1885.00 *
1874.00
1861.95 – Last price
1855.00
1848.00 *
1840.00 **

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

Source : Trading Central

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