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

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

Forex Technical Analysis : XAUUSD 5 March 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 5 March 2021

Pivot point : 1709.00

Our preference : short positions below 1709.00 with targets at 1685.00 & 1670.00 in extension.

Alternative scenario : above 1709.00 look for further upside with 1723.00 & 1732.00 as targets.

Comment : as long as the resistance at 1709.00 is not surpassed, the risk of the break below 1685.00 remains high.

Supports and resistances :

1732.00 **
1723.00 *
1709.00
1697.17 – Last price
1685.00
1670.00 *
1655.00 **

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

Source : Trading Central

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