Technical Analysis (Gold) : XAU/USD 24 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 24 April 2020

Pivot point : 1718.00

Our preference : long positions above 1718.00 with targets at 1731.00 & 1739.00 in extension.

Alternative scenario : below 1718.00 look for further downside with 1705.00 & 1692.00 as targets.

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

Supports and resistances :

1748.00 **
1739.00 *
1731.00
1723.62 – Last price
1718.00
1705.00 *
1692.00 **

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

Source : Trading Central

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