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

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 May 2020

Pivot point : 1680.00

Our preference : long positions above 1680.00 with targets at 1790.00 & 1835.00 in extension.

Alternative scenario : below 1680.00 look for further downside with 1645.00 & 1610.00 as targets.

Comment : the RSI advocates for further advance.

Supports and resistances :

1885.00 **
1835.00 *
1790.00
1748.54 – Last price
1680.00
1645.00 *
1610.00 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.