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

Forex Technical Analysis : XAUUSD (Gold)

Date : 25 November 2020

Pivot point : 1820.00

Our preference : short positions below 1820.00 with targets at 1791.00 & 1780.00 in extension.

Alternative scenario : above 1820.00 look for further upside with 1831.00 & 1841.00 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

1841.00 **
1831.00 *
1820.00
1804.05 – Last price
1791.00
1780.00 *
1772.00 **

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

Source : Trading Central

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