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

Forex Technical Analysis : XAUUSD (Gold)

Date : 9 July 2020

Pivot point : 1800.00

Our preference : long positions above 1800.00 with targets at 1818.00 & 1826.00 in extension.

Alternative scenario : below 1800.00 look for further downside with 1792.00 & 1786.00 as targets.

Comment : the RSI is above its neutrality area at 50%.

Supports and resistances :

1831.00 **
1826.00 *
1818.00
1811.29 – Last price
1800.00
1792.00 *
1786.00 **

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

Source : Trading Central

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