Technical Analysis (Gold) : XAU/USD 28 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 28 April 2020

Pivot point : 1718.00

Our preference : short positions below 1718.00 with targets at 1688.00 & 1679.00 in extension.

Alternative scenario : above 1718.00 look for further upside with 1723.00 & 1729.00 as targets.

Comment : the RSI advocates for further downside.

Supports and resistances :

1729.00 **
1723.00 *
1718.00
1702.20 – Last price
1688.00
1679.00 *
1670.00 **

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

Source : Trading Central

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