Technical Analysis (Gold) : XAU/USD 5 June 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 June 2020

Pivot point : 1705.00

Our preference : long positions above 1705.00 with targets at 1722.00 & 1732.00 in extension.

Alternative scenario : below 1705.00 look for further downside with 1696.00 & 1687.00 as targets.

Comment : the RSI is mixed and calls for caution.

Supports and resistances :

1745.00 **
1732.00 *
1722.00
1709.07 – Last price
1705.00
1696.00 *
1687.00 **

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.