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

Forex Technical Analysis : XAUUSD (Gold)

Date : 2 March 2020

Pivot point : 1579.00

Our preference : long positions above 1579.00 with targets at 1618.00 & 1629.00 in extension.

Alternative scenario : below 1579.00 look for further downside with 1563.00 & 1552.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1641.00 **
1629.00 *
1618.00
1600.00 – Last price
1579.00
1563.00 *
1552.00 **

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

Source : Trading Central

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