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

Forex Technical Analysis : XAUUSD (Gold)

Date : 31 March 2020

Pivot point : 1627.00

Our preference : short positions below 1627.00 with targets at 1609.00 & 1594.00 in extension.

Alternative scenario : above 1627.00 look for further upside with 1637.00 & 1645.00 as targets.

Comment : a break below 1609.00 would trigger a drop towards 1594.00.

Supports and resistances :

1645.00 **
1637.00 *
1627.00
1612.86 – Last price
1609.00
1594.00 *
1586.00 **

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

Source : Trading Central

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