Technical Analysis (Gold) : XAU/USD 13 May 2021

13 May 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 13 May 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 13 May 2021

Pivot point : 1826.00

Our preference : short positions below 1826.00 with targets at 1812.00 & 1799.00 in extension.

Alternative scenario : above 1826.00 look for further upside with 1835.00 & 1845.00 as targets.

Comment : as long as the resistance at 1826.00 is not surpassed, the risk of the break below 1812.00 remains high.

Supports and resistances :

1845.00 **
1835.00 *
1826.00
1818.34 – Last price
1812.00
1799.00 *
1788.00 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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