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

Forex Technical Analysis : XAUUSD (Gold)

Date : 8 October 2020

Pivot point : 1935.00

Our preference : short positions below 1935.00 with targets at 1848.00 & 1815.00 in extension.

Alternative scenario : above 1935.00 look for further upside with 1980.00 & 2035.00 as targets.

Comment : as long as the resistance at 1935.00 is not surpassed, the risk of the break below 1848.00 remains high.

Supports and resistances :

2035.00 **
1980.00 *
1935.00
1887.15 – Last price
1848.00
1815.00 *
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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