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

Forex Technical Analysis : XAUUSD (Gold)

Date : 30 September 2020

Pivot point : 1899.00

Our preference : short positions below 1899.00 with targets at 1884.00 & 1877.00 in extension.

Alternative scenario : above 1899.00 look for further upside with 1906.00 & 1916.00 as targets.

Comment : as long as 1899.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1916.00 **
1906.00 *
1899.00
1890.35 – Last price
1884.00
1877.00 *
1865.00 **

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

Source : Trading Central

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