Technical Analysis (Gold) : XAU/USD 23 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 23 April 2020

Pivot point : 1645.00

Our preference : long positions above 1645.00 with targets at 1745.00 & 1790.00 in extension.

Alternative scenario : below 1645.00 look for further downside with 1610.00 & 1575.00 as targets.

Comment : the RSI lacks downward momentum.

Supports and resistances :

1835.00 **
1790.00 *
1745.00
1712.33 – Last price
1645.00
1610.00 *
1575.00 **

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

Source : Trading Central

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