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

Forex Technical Analysis : XAUUSD (Gold)

Date : 29 May 2020

Pivot point : 1711.00

Our preference : long positions above 1711.00 with targets at 1728.00 & 1735.00 in extension.

Alternative scenario : below 1711.00 look for further downside with 1705.00 & 1700.00 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

1742.00 **
1735.00 *
1728.00
1720.74 – Last price
1711.00
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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