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

Forex Technical Analysis : XAUUSD (Gold)

Date : 21 January 2021

Pivot point : 1900.00

Our preference : short positions below 1900.00 with targets at 1820.00 & 1775.00 in extension.

Alternative scenario : above 1900.00 look for further upside with 1960.00 & 2000.00 as targets.

Comment : as long as the resistance at 1900.00 is not surpassed, the risk of the break below 1820.00 remains high.

Supports and resistances :

2000.00 **
1960.00 *
1900.00
1873.38 – Last price
1820.00
1775.00 *
1720.00 **

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

Source : Trading Central

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