Technical Analysis (Gold) : XAU/USD 22 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 22 April 2020

Pivot point : 1694.00

Our preference : short positions below 1694.00 with targets at 1670.00 & 1658.00 in extension.

Alternative scenario : above 1694.00 look for further upside with 1703.00 & 1710.00 as targets.

Comment : as long as 1694.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1710.00 **
1703.00 *
1694.00
1684.05 – Last price
1670.00
1658.00 *
1650.00 **

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

Source : Trading Central

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