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

Forex Technical Analysis : XAUUSD (Gold)

Date : 24 November 2020

Pivot point : 1841.00

Our preference : short positions below 1841.00 with targets at 1820.00 & 1807.00 in extension.

Alternative scenario : above 1841.00 look for further upside with 1849.00 & 1857.00 as targets.

Comment : the RSI advocates for further downside.

Supports and resistances :

1857.00 **
1849.00 *
1841.00
1827.52 – Last price
1820.00
1807.00 *
1800.00 **

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

Source : Trading Central

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