Technical Analysis (Gold) : XAU/USD 15 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 15 February 2021

Pivot point : 1816.00

Our preference : long positions above 1816.00 with targets at 1831.00 & 1838.00 in extension.

Alternative scenario : below 1816.00 look for further downside with 1810.00 & 1800.00 as targets.

Comment : a support base at 1816.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

1847.00 **
1838.00 *
1831.00
1824.54 – Last price
1816.00
1810.00 *
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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