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

Forex Technical Analysis : XAUUSD (Gold)

Date : 4 June 2020

Pivot point : 1712.00

Our preference : short positions below 1712.00 with targets at 1687.00 & 1679.00 in extension.

Alternative scenario : above 1712.00 look for further upside with 1719.00 & 1726.00 as targets.

Comment : the RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances :

1726.00 **
1719.00 *
1712.00
1702.48 – Last price
1687.00
1679.00 *
1670.00 **

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

Source : Trading Central

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