Technical Analysis (Gold) : XAU/USD 22 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 22 February 2021

Pivot point : 1776.00

Our preference : long positions above 1776.00 with targets at 1805.00 & 1814.00 in extension.

Alternative scenario : below 1776.00 look for further downside with 1768.00 & 1760.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1826.00 **
1814.00 *
1805.00
1792.38 – Last price
1776.00
1768.00 *
1760.00 **

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

Source : Trading Central

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