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

Forex Technical Analysis : XAUUSD (Gold)

Date : 24 March 2020

Pivot point : 1554.00

Our preference : long positions above 1554.00 with targets at 1585.00 & 1598.00 in extension.

Alternative scenario : below 1554.00 look for further downside with 1545.00 & 1534.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1610.00 **
1598.00 *
1585.00
1570.84 – Last price
1554.00
1545.00 *
1534.00 **

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

Source : Trading Central

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