Technical Analysis (Gold) : XAU/USD 4 August 2020

4 August 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 4 August 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 4 August 2020

Pivot point : 1966.00

Our preference : long positions above 1966.00 with targets at 1981.00 & 1988.00 in extension.

Alternative scenario : below 1966.00 look for further downside with 1959.00 & 1949.00 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

2000.00 **
1988.00 *
1981.00
1974.60 – Last price
1966.00
1959.00 *
1949.00 **

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

Source : Trading Central

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