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

Forex Technical Analysis : XAUUSD (Gold)

Date : 22 January 2021

Pivot point : 1872.00

Our preference : short positions below 1872.00 with targets at 1848.00 & 1840.00 in extension.

Alternative scenario : above 1872.00 look for further upside with 1885.00 & 1894.00 as targets.

Comment : as long as 1872.00 is resistance, expect a return to 1848.00.

Supports and resistances :

1894.00 **
1885.00 *
1872.00
1862.51 – Last price
1848.00
1840.00 *
1832.00 **

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

Source : Trading Central

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