Technical Analysis (Gold) : XAU/USD 3 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 3 February 2021

Pivot point : 1845.00

Our preference : short positions below 1845.00 with targets at 1829.00 & 1820.00 in extension.

Alternative scenario : above 1845.00 look for further upside with 1854.00 & 1863.00 as targets.

Comment : the RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances :

1863.00 **
1854.00 *
1845.00
1838.39 – Last price
1829.00
1820.00 *
1810.00 **

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

Source : Trading Central

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