Technical Analysis (Gold) : XAU/USD 9 April 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 9 April 2020

Pivot point : 1645.00

Our preference : long positions above 1645.00 with targets at 1661.00 & 1667.00 in extension.

Alternative scenario : below 1645.00 look for further downside with 1641.00 & 1637.00 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

1678.00 **
1667.00 *
1661.00
1653.40 – Last price
1645.00
1641.00 *
1637.00 **

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

Source : Trading Central

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