Technical Analysis (Gold) : XAU/USD 17 March 2021

17 March 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 17 March 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 17 March 2021

Pivot point : 1780.00

Our preference : short positions below 1780.00 with targets at 1670.00 & 1610.00 in extension.

Alternative scenario : above 1780.00 look for further upside with 1820.00 & 1850.00 as targets.

Comment : even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances :

1850.00 **
1820.00 *
1780.00
1736.30 – Last price
1670.00
1610.00 *
1570.00 **

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

Source : Trading Central

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