Technical Analysis (Gold) : XAU/USD 20 January 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 20 January 2022

Pivot point : 1828.00

Our preference : long positions above 1828.00 with targets at 1850.00 & 1856.00 in extension.

Alternative scenario : below 1828.00 look for further downside with 1822.00 & 1816.00 as targets.

Comment : the RSI is mixed to bullish.

Supports and resistances :

1862.00 **
1856.00 *
1850.00
1838.90 – Last price
1828.00
1822.00 *
1816.00 **

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

Source : Trading Central

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