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

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

Forex Technical Analysis : XAUUSD 7 October 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 October 2020

Pivot point : 1891.00

Our preference : short positions below 1891.00 with targets at 1873.00 & 1864.00 in extension.

Alternative scenario : above 1891.00 look for further upside with 1898.00 & 1906.00 as targets.

Comment : as long as the resistance at 1891.00 is not surpassed, the risk of the break below 1873.00 remains high.

Supports and resistances :

1906.00 **
1898.00 *
1891.00
1883.59 – Last price
1873.00
1864.00 *
1856.00 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 95% of our commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 95%