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

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 November 2020

Pivot point : 1892.00

Our preference : long positions above 1892.00 with targets at 1916.00 & 1926.00 in extension.

Alternative scenario : below 1892.00 look for further downside with 1881.00 & 1873.00 as targets.

Comment : the RSI calls for a bounce.

Supports and resistances :

1932.00 **
1926.00 *
1916.00
1907.87 – Last price
1892.00
1881.00 *
1873.00 **

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

Source : Trading Central

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