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

Forex Technical Analysis : XAUUSD (Gold)

Date : 25 March 2020

Pivot point : 1628.00

Our preference : short positions below 1628.00 with targets at 1585.00 & 1558.00 in extension.

Alternative scenario : above 1628.00 look for further upside with 1643.00 & 1668.00 as targets.

Comment : the RSI advocates for further downside.

Supports and resistances :

1668.00 **
1643.00 *
1628.00
1602.00 – Last price
1585.00
1558.00 *
1517.00 **

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

Source : Trading Central

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