Technical Analysis (Gold) : XAU/USD 11 January 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 11 January 2021

Pivot point : 1856.00

Our preference : short positions below 1856.00 with targets at 1816.00 & 1800.00 in extension.

Alternative scenario : above 1856.00 look for further upside with 1877.00 & 1894.00 as targets.

Comment : as long as the resistance at 1856.00 is not surpassed, the risk of the break below 1816.00 remains high.

Supports and resistances :

1894.00 **
1877.00 *
1856.00
1842.65 – Last price
1816.00
1800.00 *
1775.00 **

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

Source : Trading Central

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