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

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 November 2020

Pivot point : 1857.00

Our preference : long positions above 1857.00 with targets at 1875.00 & 1884.00 in extension.

Alternative scenario : below 1857.00 look for further downside with 1852.00 & 1845.00 as targets.

Comment : the RSI calls for a rebound.

Supports and resistances :

1894.00 **
1884.00 *
1875.00
1867.08 – Last price
1857.00
1852.00 *
1845.00 **

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

Source : Trading Central

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