Technical Analysis (Gold) : XAU/USD 31 August 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 31 August 2020

Pivot point : 1960.00

Our preference : long positions above 1960.00 with targets at 1977.00 & 1984.00 in extension.

Alternative scenario : below 1960.00 look for further downside with 1947.00 & 1935.00 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

1994.00 **
1984.00 *
1977.00
1967.69 – Last price
1960.00
1947.00 *
1935.00 **

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

Source : Trading Central

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