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

Forex Technical Analysis : XAUUSD (Gold)

Date : 28 May 2020

Pivot point : 1709.00

Our preference : long positions above 1709.00 with targets at 1721.00 & 1728.00 in extension.

Alternative scenario : below 1709.00 look for further downside with 1705.00 & 1700.00 as targets.

Comment : the RSI calls for a bounce.

Supports and resistances :

1735.00 **
1728.00 *
1721.00
1716.51 – Last price
1709.00
1705.00 *
1700.00 **

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

Source : Trading Central

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