Technical Analysis (Gold) : XAU/USD 20 December 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 December 2021

Pivot point : 1809.00

Our preference : short positions below 1809.00 with targets at 1795.00 & 1790.00 in extension.

Alternative scenario : above 1809.00 look for further upside with 1819.00 & 1828.00 as targets.

Comment : as long as 1809.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1828.00 **
1819.00 *
1809.00
1803.07 – Last price
1795.00
1790.00 *
1781.00 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.