Technical Analysis (Gold) : XAU/USD 25 February 2021

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

Forex Technical Analysis : XAUUSD 25 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 25 February 2021

Pivot point : 1791.00

Our preference : long positions above 1791.00 with targets at 1806.00 & 1816.00 in extension.

Alternative scenario : below 1791.00 look for further downside with 1783.00 & 1774.00 as targets.

Comment : the RSI is bullish and calls for further upside.

Supports and resistances :

1825.00 **
1816.00 *
1806.00
1797.13 – Last price
1791.00
1783.00 *
1774.00 **

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

Source : Trading Central

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