Technical Analysis (Gold) : XAU/USD 10 March 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 10 March 2021

Pivot point : 1702.00

Our preference : long positions above 1702.00 with targets at 1725.00 & 1739.00 in extension.

Alternative scenario : below 1702.00 look for further downside with 1694.00 & 1686.00 as targets.

Comment : the immediate trend remains up but the momentum is weak.

Supports and resistances :

1752.00 **
1739.00 *
1725.00
1712.17 – Last price
1702.00
1694.00 *
1686.00 **

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

Source : Trading Central

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