Technical Analysis (Gold) : XAU/USD 19 February 2021

19 February 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 19 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 19 February 2021

Pivot point : 1780.00

Our preference : short positions below 1780.00 with targets at 1760.00 & 1750.00 in extension.

Alternative scenario : above 1780.00 look for further upside with 1789.00 & 1800.00 as targets.

Comment : the RSI is bearish and calls for further downside.

Supports and resistances :

1800.00 **
1789.00 *
1780.00
1767.97 – Last price
1760.00
1750.00 *
1737.00 **

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

Source : Trading Central

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