Technical Analysis (Gold) : XAU/USD 1 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 1 February 2021

Pivot point : 1848.00

Our preference : long positions above 1848.00 with targets at 1875.00 & 1887.00 in extension.

Alternative scenario : below 1848.00 look for further downside with 1841.00 & 1833.00 as targets.

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

Supports and resistances :

2000.00 **
1887.00 *
1875.00
1862.50 – Last price
1848.00
1841.00 *
1833.00 **

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

Source : Trading Central

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