Technical Analysis (Gold) : XAU/USD 8 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 8 April 2020

Pivot point : 1658.00

Our preference : short positions below 1658.00 with targets at 1639.95 & 1631.00 in extension.

Alternative scenario : above 1658.00 look for further upside with 1669.00 & 1678.00 as targets.

Comment : a break below 1639.95 would trigger a drop towards 1631.00.

Supports and resistances :

1678.00 **
1669.00 *
1658.00
1651.00 – Last price
1639.95
1631.00 *
1624.00 **

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

Source : Trading Central

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