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

Forex Technical Analysis : XAUUSD (Gold)

Date : 12 January 2021

Pivot point : 1834.00

Our preference : long positions above 1834.00 with targets at 1877.00 & 1894.00 in extension.

Alternative scenario : below 1834.00 look for further downside with 1816.00 & 1800.00 as targets.

Comment : the RSI calls for a rebound.

Supports and resistances :

1910.00 **
1894.00 *
1877.00
1856.92 – Last price
1834.00
1816.00 *
1800.00 **

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

Source : Trading Central

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