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

20 October 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 20 October 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 October 2020

Pivot point : 1907.00

Our preference : short positions below 1907.00 with targets at 1895.00 & 1889.00 in extension.

Alternative scenario : above 1907.00 look for further upside with 1914.00 & 1918.50 as targets.

Comment : as long as the resistance at 1907.00 is not surpassed, the risk of the break below 1895.00 remains high.

Supports and resistances :

1918.50 **
1914.00 *
1907.00
1901.79 – Last price
1895.00
1889.00 *
1882.00 **

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

Source : Trading Central

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