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

27 May 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 27 May 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 27 May 2020

Pivot point : 1716.00

Our preference : short positions below 1716.00 with targets at 1697.00 & 1690.00 in extension.

Alternative scenario : above 1716.00 look for further upside with 1721.00 & 1728.00 as targets.

Comment : the RSI calls for a new downleg.

Supports and resistances :

1728.00 **
1721.00 *
1716.00
1705.99 – Last price
1697.00
1690.00 *
1682.00 **

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

Source : Trading Central

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