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

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

Forex Technical Analysis : XAUUSD 7 July 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 July 2020

Pivot point : 1778.00

Our preference : long positions above 1778.00 with targets at 1789.00 & 1797.00 in extension.

Alternative scenario : below 1778.00 look for further downside with 1774.00 & 1770.00 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

1808.00 **
1797.00 *
1789.00
1783.98 – Last price
1778.00
1774.00 *
1770.00 **

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

Source : Trading Central

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