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

9 September 2020 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 9 September 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 9 September 2020

Pivot point : 1923.00

Our preference : long positions above 1923.00 with targets at 1941.00 & 1950.00 in extension.

Alternative scenario : below 1923.00 look for further downside with 1916.00 & 1907.00 as targets.

Comment : the RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances :

1958.00 **
1950.00 *
1941.00
1929.80 – Last price
1923.00
1916.00 *
1907.00 **

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

Source : Trading Central

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