Technical Analysis (Gold) : XAU/USD 21 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 21 April 2020

Pivot point : 1682.50

Our preference : long positions above 1682.50 with targets at 1696.00 & 1703.00 in extension.

Alternative scenario : below 1682.50 look for further downside with 1670.00 & 1662.00 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1710.00 **
1703.00 *
1696.00
1687.42 – Last price
1682.50
1670.00 *
1662.00 **

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

Source : Trading Central

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