Technical Analysis (Gold) : XAU/USD 22 December 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 22 December 2020

Pivot point : 1884.00

Our preference : Short positions below 1884.00 with targets at 1868.00 & 1855.00 in extension.

Alternative scenario : Above 1884.00 look for further upside with 1893.00 & 1906.00 as targets.

Comment : As long as 1884.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances :

1906.00 **
1893.00 *
1884.00
1873.54 – Last price
1868.00
1855.00 *
1844.00 **

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

Source : Trading Central

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