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

Forex Technical Analysis : XAUUSD (Gold)

Date : 27 October 2020

Pivot point : 1900.00

Our preference : long positions above 1900.00 with targets at 1914.00 & 1920.00 in extension.

Alternative scenario : below 1900.00 look for further downside with 1895.00 & 1891.00 as targets.

Comment : the RSI calls for a rebound.

Supports and resistances :

1926.00 **
1920.00 *
1914.00
1907.96 – Last price
1900.00
1895.00 *
1891.00 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.