Technical Analysis (Gold) : XAU/USD 26 January 2022

26 January 2022 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 26 January 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 26 January 2022

Pivot point : 1840.00

Our preference : long positions above 1840.00 with targets at 1854.00 & 1858.00 in extension.

Alternative scenario : below 1840.00 look for further downside with 1834.00 & 1828.00 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1865.00 **
1858.00 *
1854.00
1846.60 – Last price
1840.00
1834.00 *
1828.00 **

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

Source : Trading Central

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