7 August 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (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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