Technical Analysis (Gold) : XAU/USD 29 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 29 April 2020

Pivot point : 1701.00

Our preference : long positions above 1701.00 with targets at 1718.00 & 1723.00 in extension.

Alternative scenario : below 1701.00 look for further downside with 1691.00 & 1684.00 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

1729.00 **
1723.00 *
1718.00
1709.88 – Last price
1701.00
1691.00 *
1684.00 **

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

Source : Trading Central

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