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

Forex Technical Analysis : XAUUSD (Gold)

Date : 4 September 2020

Pivot point : 1946.00

Our preference : short positions below 1946.00 with targets at 1922.00 & 1910.00 in extension.

Alternative scenario : above 1946.00 look for further upside with 1956.00 & 1970.00 as targets.

Comment : as long as 1946.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1970.00 **
1956.00 *
1946.00
1938.00 – Last price
1922.00
1910.00 *
1900.00 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.