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

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 March 2020

Pivot point : 1631.00

Our preference : long positions above 1631.00 with targets at 1649.00 & 1660.00 in extension.

Alternative scenario : below 1631.00 look for further downside with 1623.00 & 1611.00 as targets.

Comment : the RSI lacks downward momentum.

Supports and resistances :

1675.00 **
1660.00 *
1649.00
1639.20 – Last price
1631.00
1623.00 *
1611.00 **

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

Source : Trading Central

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