6 April 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)
Date : 6 April 2020
Pivot point : 1605.00
Our preference : long positions above 1605.00 with targets at 1627.00 & 1637.00 in extension.
Alternative scenario : below 1605.00 look for further downside with 1595.00 & 1585.00 as targets.
Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances :
1616.30 – Last price
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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