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

4 January 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 4 January 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 4 January 2021

Pivot point : 1909.00

Our preference : Long positions above 1909.00 with targets at 1930.00 & 1941.00 in extension.

Alternative scenario : Below 1909.00 look for further downside with 1902.00 & 1891.00 as targets.

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

Supports and resistances :

1947.00 **
1941.00 *
1930.00
1922.93 – Last price
1902.00
1891.00 *
1882.00 **

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

Source : Trading Central

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