3 August 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)
Date : 3 August 2020
Pivot point : 1970.00
Our preference : long positions above 1970.00 with targets at 1981.50 & 1988.00 in extension.
Alternative scenario : below 1970.00 look for further downside with 1959.00 & 1951.50 as targets.
Comment : a support base at 1970.00 has formed and has allowed for a temporary stabilisation.
Supports and resistances :
2000.00 **
1988.00 *
1981.50
1974.70 – Last price
1970.00
1959.00 *
1951.50 **
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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