Technical Analysis (Gold) : XAU/USD 30 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 30 April 2020

Pivot point : 1703.00

Our preference : long positions above 1703.00 with targets at 1718.00 & 1724.00 in extension.

Alternative scenario : below 1703.00 look for further downside with 1697.00 & 1691.00 as targets.

Comment : technically the RSI is above its neutrality area at 50.

Supports and resistances :

1729.00 **
1724.00 *
1718.00
1712.71 – Last price
1703.00
1697.00 *
1691.00 **

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

Source : Trading Central

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