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

Forex Technical Analysis : XAUUSD (Gold)

Date : 21 May 2020

Pivot point : 1752.00

Our preference : short positions below 1752.00 with targets at 1732.00 & 1724.00 in extension.

Alternative scenario : above 1752.00 look for further upside with 1758.00 & 1765.00 as targets.

Comment : the RSI advocates for further decline.

Supports and resistances :

1765.00 **
1758.00 *
1752.00
1740.28 – Last price
1732.00
1724.00 *
1716.00 **

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

Source : Trading Central

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