Technical Analysis (Gold) : XAU/USD 20 April 2021

20 April 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 20 April 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 April 2021

Pivot point : 1783.00

Our preference : short positions below 1783.00 with targets at 1765.00 & 1759.00 in extension.

Alternative scenario : above 1783.00 look for further upside with 1790.00 & 1800.00 as targets.

Comment : as long as 1783.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1800.00 **
1790.00 *
1783.00
1771.71 – Last price
1765.00
1759.00 *
1749.00 **

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

Source : Trading Central

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