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

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

Forex Technical Analysis : XAUUSD 7 September 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 September 2020

Pivot point : 1925.00

Our preference : long positions above 1925.00 with targets at 1950.00 & 1958.00 in extension.

Alternative scenario : below 1925.00 look for further downside with 1916.00 & 1906.00 as targets.

Comment : the RSI calls for a bounce.

Supports and resistances :

1970.00 **
1958.00 *
1950.00
1937.62 – Last price
1925.00
1916.00 *
1906.00 **

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

Source : Trading Central

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