Technical Analysis (Gold) : XAU/USD 12 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 12 February 2021

Pivot point : 1831.00

Our preference : short positions below 1831.00 with targets at 1818.00 & 1808.00 in extension.

Alternative scenario : above 1831.00 look for further upside with 1838.00 & 1847.00 as targets.

Comment : the RSI is bearish and calls for further downside.

Supports and resistances :

1847.00 **
1838.00 *
1831.00
1822.06 – Last price
1818.00
1808.00 *
1784.00 **

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

Source : Trading Central

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