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

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

Forex Technical Analysis : XAUUSD 4 March 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 4 March 2021

Pivot point : 1726.00

Our preference : short positions below 1726.00 with targets at 1702.00 & 1687.00 in extension.

Alternative scenario : above 1726.00 look for further upside with 1740.00 & 1751.00 as targets.

Comment : as long as the resistance at 1726.00 is not surpassed, the risk of the break below 1702.00 remains high.

Supports and resistances :

1751.00 **
1740.00 *
1726.00
1717.99 – Last price
1702.00
1687.00 *
1672.00 **

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

Source : Trading Central

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