Technical Analysis (Gold) : XAU/USD 21 December 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 21 December 2020

Pivot point : 1889.00

Our preference : Long positions above 1889.00 with targets at 1920.00 & 1927.00 in extension.

Alternative scenario : Below 1889.00 look for further downside with 1877.00 & 1867.00 as targets.

Comment : The RSI is bullish and calls for further advance.

Supports and resistances :

1937.00 **
1927.00 *
1920.00
1905.00 – Last price
1889.00
1877.00 *
1867.00 **

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

Source : Trading Central

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