Technical Analysis (Gold) : XAU/USD 4 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 4 February 2021

Pivot point : 1836.00

Our preference : short positions below 1836.00 with targets at 1815.00 & 1807.00 in extension.

Alternative scenario : above 1836.00 look for further upside with 1844.00 & 1854.00 as targets.

Comment : a break below 1815.00 would trigger a drop towards 1807.00.

Supports and resistances :

1854.00 **
1844.00 *
1836.00
1822.75 – Last price
1815.00
1807.00 *
1800.00 **

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

Source : Trading Central

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