Technical Analysis (Gold) : XAU/USD 16 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 16 February 2021

Pivot point : 1815.00

Our preference : long positions above 1815.00 with targets at 1831.00 & 1836.00 in extension.

Alternative scenario : below 1815.00 look for further downside with 1810.00 & 1804.00 as targets.

Comment : the RSI is mixed.

Supports and resistances :

1847.00 **
1836.00 *
1831.00
1820.91 – Last price
1815.00
1810.00 *
1804.00 **

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

Source : Trading Central

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