Technical Analysis (Gold) : XAU/USD 25 August 2020

25 August 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 25 August 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 25 August 2020

Pivot point : 1942.00

Our preference : short positions below 1942.00 with targets at 1923.00 & 1911.00 in extension.

Alternative scenario : above 1942.00 look for further upside with 1954.00 & 1962.00 as targets.

Comment : as long as 1942.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1962.00 **
1954.00 *
1942.00
1933.30 – Last price
1923.00
1911.00 *
1900.00 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 95% of our commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 95%