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

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

Forex Technical Analysis : XAUUSD 25 June 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 25 June 2020

Pivot point : 1754.00

Our preference : long positions above 1754.00 with targets at 1768.00 & 1774.00 in extension.

Alternative scenario : below 1754.00 look for further downside with 1746.00 & 1741.00 as targets.

Comment : a support base at 1754.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

1779.00 **
1774.00 *
1768.00
1762.04 – Last price
1754.00
1746.00 *
1741.00 **

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

Source : Trading Central

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