Technical Analysis (Gold) : XAU/USD 2 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 2 April 2020

Pivot point : 1596.00

Our preference : short positions below 1596.00 with targets at 1576.00 & 1567.00 in extension.

Alternative scenario : above 1596.00 look for further upside with 1602.00 & 1613.00 as targets.

Comment : the RSI lacks upward momentum.

Supports and resistances :

1613.00 **
1602.00 *
1596.00
1584.70 – Last price
1576.00
1567.00 *
1558.00 **

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

Source : Trading Central

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