Technical Analysis (Gold) : XAU/USD 2 February 2021

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

Forex Technical Analysis : XAUUSD 2 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 2 February 2021

Pivot point : 1859.00

Our preference : short positions below 1859.00 with targets at 1841.00 & 1833.00 in extension.

Alternative scenario : above 1859.00 look for further upside with 1868.00 & 1875.00 as targets.

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

Supports and resistances :

1875.00 **
1868.00 *
1859.00
1849.46 – Last price
1841.00
1833.00 *
1823.00 **

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

Source : Trading Central

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