5 August 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)
Date : 5 August 2020
Pivot point : 2007.00
Our preference : long positions above 2007.00 with targets at 2031.00 & 2042.00 in extension.
Alternative scenario : below 2007.00 look for further downside with 2000.00 & 1993.00 as targets.
Comment : the RSI is bullish and calls for further upside.
Supports and resistances :
2057.00 **
2042.00 *
2031.00
2022.56 – Last price
2007.00
2000.00 *
1993.00 **
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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