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

Forex Technical Analysis : XAUUSD (Gold)

Date : 9 November 2020

Pivot point : 1946.00

Our preference : long positions above 1946.00 with targets at 1967.00 & 1980.00 in extension.

Alternative scenario : below 1946.00 look for further downside with 1935.00 & 1925.00 as targets.

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

Supports and resistances :

2000.00 **
1980.00 *
1967.00
1961.22 – Last price
1946.00
1935.00 *
1925.00 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.