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

Forex Technical Analysis : XAUUSD (Gold)

Date : 19 October 2020

Pivot point : 1911.00

Our preference : short positions below 1911.00 with targets at 1897.00 & 1889.00 in extension.

Alternative scenario : above 1911.00 look for further upside with 1920.00 & 1925.00 as targets.

Comment : as long as 1911.00 is resistance, expect a return to 1897.00.

Supports and resistances :

1925.00 **
1920.00 *
1911.00
1902.87 – Last price
1897.00
1889.00 *
1882.00 **

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

Source : Trading Central

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