Technical Analysis (Gold) : XAU/USD 25 January 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 25 January 2022

Pivot point : 1834.00

Our preference : long positions above 1834.00 with targets at 1848.00 & 1855.00 in extension.

Alternative scenario : below 1834.00 look for further downside with 1828.00 & 1822.00 as targets.

Comment : the RSI calls for a new upleg.

Supports and resistances :

1865.00 **
1855.00 *
1848.00
1842.74 – Last price
1834.00
1828.00 *
1822.00 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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