Technical Analysis (Gold) : XAU/USD 20 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 April 2020

Pivot point : 1690.00

Our preference : short positions below 1690.00 with targets at 1671.00 & 1660.00 in extension.

Alternative scenario : above 1690.00 look for further upside with 1695.00 & 1703.00 as targets.

Comment : as long as the resistance at 1690.00 is not surpassed, the risk of the break below 1671.00 remains high.

Supports and resistances :

1703.00 **
1695.00 *
1690.00
1682.90 – Last price
1671.00
1660.00 *
1654.00 **

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

Source : Trading Central

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