Technical Analysis (Gold) : XAU/USD 27 July 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 27 July 2020

Pivot point : 1907.00

Our preference : long positions above 1907.00 with targets at 1958.00 & 1970.00 in extension.

Alternative scenario : below 1907.00 look for further downside with 1896.00 & 1886.00 as targets.

Comment : the RSI advocates for further upside.

Supports and resistances :

1982.00 **
1970.00 *
1958.00
1932.64 – Last price
1907.00
1896.00 *
1886.00 **

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

Source : Trading Central

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