Technical Analysis (Gold) : XAU/USD 5 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 February 2021

Pivot point : 1808.00

Our preference : short positions below 1808.00 with targets at 1785.00 & 1777.00 in extension.

Alternative scenario : above 1808.00 look for further upside with 1819.00 & 1830.00 as targets.

Comment : the RSI is mixed with a bearish bias.

Supports and resistances :

1830.00 **
1819.00 *
1808.00
1797.12 – Last price
1785.00
1777.00 *
1764.00 **

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

Source : Trading Central

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