Technical Analysis (Gold) : XAU/USD 24 February 2021

24 February 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 24 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 24 February 2021

Pivot point : 1855.00

Our preference : short positions below 1855.00 with targets at 1760.00 & 1700.00 in extension.

Alternative scenario : above 1855.00 look for further upside with 1890.00 & 1930.00 as targets.

Comment : as long as the resistance at 1855.00 is not surpassed, the risk of the break below 1760.00 remains high.

Supports and resistances :

1930.00 **
1890.00 *
1855.00
1808.91 – Last price
1760.00
1700.00 *
1670.00 **

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

Source : Trading Central

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