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

Forex Technical Analysis : XAUUSD (Gold)

Date : 22 September 2020

Pivot point : 1927.00

Our preference : short positions below 1927.00 with targets at 1896.00 & 1882.00 in extension.

Alternative scenario : above 1927.00 look for further upside with 1934.00 & 1943.00 as targets.

Comment : the RSI advocates for further decline.

Supports and resistances :

1943.00 **
1934.00 *
1927.00
1950.92 – Last price
1896.00
1882.00 *
1872.00 **

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

Source : Trading Central

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