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

Forex Technical Analysis : XAUUSD (Gold)

Date : 24 July 2020

Pivot point : 1870.00

Our preference : long positions above 1870.00 with targets at 1898.00 & 1907.00 in extension.

Alternative scenario : below 1870.00 look for further downside with 1861.00 & 1846.00 as targets.

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

Supports and resistances :

1914.50 **
1907.00 *
1898.00
1885.88 – Last price
1870.00
1861.00 *
1846.00 **

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

Source : Trading Central

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