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

30 October 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 30 October 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 30 October 2020

Pivot point : 1878.00

Our preference : short positions below 1878.00 with targets at 1859.00 & 1852.00 in extension.

Alternative scenario : above 1878.00 look for further upside with 1884.00 & 1891.00 as targets.

Comment : the immediate trend remains down but the momentum is weak.

Supports and resistances :

1891.00 **
1884.00 *
1878.00
1870.54 – Last price
1859.00
1852.00 *
1845.00 **

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

Source : Trading Central

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