Technical Analysis (Gold) : XAU/USD 26 August 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 26 August 2020

Pivot point : 1937.00

Our preference : short positions below 1937.00 with targets at 1911.00 & 1900.00 in extension.

Alternative scenario : above 1937.00 look for further upside with 1946.00 & 1954.00 as targets.

Comment : the RSI calls for a drop.

Supports and resistances :

1954.00 **
1946.00 *
1937.00
1923.63 – Last price
1911.00
1900.00 *
1885.00 **

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

Source : Trading Central

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