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

Forex Technical Analysis : XAUUSD (Gold)

Date : 6 March 2020

Pivot point : 1667.00

Our preference : long positions above 1667.00 with targets at 1689.00 & 1700.00 in extension.

Alternative scenario : below 1667.00 look for further downside with 1655.00 & 1649.00 as targets.

Comment : the RSI shows downside momentum.

Supports and resistances :

1710.00 **
1700.00 *
1689.00
1679.11 – Last price
1667.00
1655.00 *
1649.00 **

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

Source : Trading Central

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