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

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 July 2020

Pivot point : 1803.00

Our preference : long positions above 1803.00 with targets at 1815.00 & 1818.00 in extension.

Alternative scenario : below 1803.00 look for further downside with 1800.00 & 1795.00 as targets.

Comment : the RSI calls for a bounce.

Supports and resistances :

1822.00 **
1818.00 *
1815.00
1809.29 – Last price
1803.00
1800.00 *
1795.00 **

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

Source : Trading Central

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