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

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 January 2021

Pivot point : 1839.00

Our preference : long positions above 1839.00 with targets at 1857.00 & 1865.00 in extension.

Alternative scenario : below 1839.00 look for further downside with 1829.00 & 1823.00 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

1877.00 **
1865.00 *
1857.00
1851.65 – Last price
1839.00
1829.00 *
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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