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

Forex Technical Analysis : XAUUSD (Gold)

Date : 9 October 2020

Pivot point : 1898.00

Our preference : long positions above 1898.00 with targets at 1921.00 & 1934.00 in extension.

Alternative scenario : below 1898.00 look for further downside with 1889.00 & 1881.00 as targets.

Comment : the RSI calls for a new upleg.

Supports and resistances :

1944.00 **
1934.00 *
1921.00
1910.18 – Last price
1898.00
1889.00 *
1881.00 **

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

Source : Trading Central

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