Technical Analysis (Gold) : XAU/USD 6 July 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 6 July 2020

Pivot point : 1770.00

Our preference : long positions above 1770.00 with targets at 1780.00 & 1784.00 in extension.

Alternative scenario : below 1770.00 look for further downside with 1766.00 & 1762.00 as targets.

Comment : the RSI calls for a bounce.

Supports and resistances :

1789.00 **
1784.00 *
1780.00
1775.85 – Last price
1770.00
1766.00 *
1762.00 **

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

Source : Trading Central

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