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

Forex Technical Analysis : XAUUSD (Gold)

Date : 29 September 2020

Pivot point : 1872.00

Our preference : long positions above 1872.00 with targets at 1895.00 & 1906.00 in extension.

Alternative scenario : below 1872.00 look for further downside with 1861.00 & 1848.00 as targets.

Comment : the RSI shows upside momentum.

Supports and resistances :

1920.00 **
1906.00 *
1895.00
1883.74 – Last price
1872.00
1861.00 *
1848.00 **

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

Source : Trading Central

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