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

Forex Technical Analysis : XAUUSD (Gold)

Date : 2 July 2020

Pivot point : 1778.00

Our preference : short positions below 1778.00 with targets at 1759.00 & 1747.00 in extension.

Alternative scenario : above 1778.00 look for further upside with 1789.00 & 1796.00 as targets.

Comment : the RSI lacks upward momentum.

Supports and resistances :

1796.00 **
1789.00 *
1778.00
1767.86 – Last price
1759.00
1747.00 *
1741.00 **

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

Source : Trading Central

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