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

6 November 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 6 November 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 6 November 2020

Pivot point : 1926.00

Our preference : long positions above 1926.00 with targets at 1953.00 & 1965.00 in extension.

Alternative scenario : below 1926.00 look for further downside with 1916.00 & 1902.00 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1977.00 **
1965.00 *
1953.00
1939.01 – Last price
1926.00
1916.00 *
1902.00 **

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

Source : Trading Central

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