Technical Analysis (Gold) : XAU/USD 23 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 23 February 2021

Pivot point : 1798.00

Our preference : long positions above 1798.00 with targets at 1826.00 & 1837.00 in extension.

Alternative scenario : below 1798.00 look for further downside with 1789.00 & 1783.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1846.00 **
1837.00 *
1826.00
1812.16 – Last price
1798.00
1789.00 *
1783.00 **

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

Source : Trading Central

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