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

Forex Technical Analysis : XAUUSD (Gold)

Date : 8 June 2020

Pivot point : 1701.00

Our preference : short positions below 1701.00 with targets at 1676.00 & 1668.00 in extension.

Alternative scenario : above 1701.00 look for further upside with 1712.00 & 1722.00 as targets.

Comment : the upward potential is likely to be limited by the resistance at 1701.00.

Supports and resistances :

1722.00 **
1712.00 *
1701.00
1688.32 – Last price
1676.00
1668.00 *
1658.00 **

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

Source : Trading Central

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