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

22 March 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 22 March 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 22 March 2021

Pivot point : 1740.00

Our preference : short positions below 1740.00 with targets at 1724.00 & 1719.00 in extension.

Alternative scenario : above 1740.00 look for further upside with 1747.00 & 1755.00 as targets.

Comment : the RSI is bearish and calls for further decline.

Supports and resistances :

1755.00 **
1747.00 *
1740.00
1730.32 – Last price
1724.00
1719.00 *
1711.00 **

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

Source : Trading Central

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