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

Forex Technical Analysis : XAUUSD (Gold)

Date : 26 May 2020

Pivot point : 1725.00

Our preference : long positions above 1725.00 with targets at 1742.00 & 1748.00 in extension.

Alternative scenario : below 1725.00 look for further downside with 1721.00 & 1715.00 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

1754.00 **
1748.00 *
1742.00
1732.55 – Last price
1725.00
1721.00 *
1715.00 **

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

Source : Trading Central

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