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

2 October 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 2 October 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 2 October 2020

Pivot point : 1903.00

Our preference : short positions below 1903.00 with targets at 1884.00 & 1875.00 in extension.

Alternative scenario : above 1903.00 look for further upside with 1912.00 & 1920.00 as targets.

Comment : the RSI advocates for further decline.

Supports and resistances :

1920.00 **
1912.00 *
1903.00
1890.80 – Last price
1884.00
1875.00 *
1865.00 **

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

Source : Trading Central

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