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

Forex Technical Analysis : XAUUSD (Gold)

Date : 31 July 2020

Pivot point : 1954.00

Our preference : long positions above 1954.00 with targets at 1981.00 & 1990.00 in extension.

Alternative scenario : below 1954.00 look for further downside with 1946.00 & 1938.50 as targets.

Comment : the RSI calls for a new upleg.

Supports and resistances :

2000.00 **
1990.00 *
1981.00
1968.97 – Last price
1954.00
1946.00 *
1938.50 **

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

Source : Trading Central

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