Technical Analysis (Gold) : XAU/USD 21 December 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 21 December 2021

Pivot point : 1787.00

Our preference : long positions above 1787.00 with targets at 1797.00 & 1803.00 in extension.

Alternative scenario : below 1787.00 look for further downside with 1782.00 & 1776.00 as targets.

Comment : a support base at 1787.00 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

1809.00 **
1803.00 *
1797.00
1792.36 – Last price
1787.00
1782.00 *
1776.00 **

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

Source : Trading Central

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