Technical Analysis (Gold) : XAU/USD 7 August 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 August 2020

Pivot point : 2073.00

Our preference : short positions below 2073.00 with targets at 2045.00 & 2028.00 in extension.

Alternative scenario : above 2073.00 look for further upside with 2085.00 & 2100.00 as targets.

Comment : the RSI calls for a drop.

Supports and resistances :

2100.00 **
2085.00 *
2073.00
2059.50 – Last price
2045.00
2028.00 *
2011.00 **

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

Source : Trading Central

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