Technical Analysis (Gold) : XAU/USD 6 April 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 6 April 2021

Pivot point : 1721.00

Our preference : long positions above 1721.00 with targets at 1739.00 & 1753.00 in extension.

Alternative scenario : below 1721.00 look for further downside with 1710.00 & 1705.00 as targets.

Comment : the RSI is bullish and calls for further advance.

Supports and resistances :

1763.00 **
1753.00 *
1739.00
1735.75 – Last price
1721.00
1710.00 *
1705.00 **

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

Source : Trading Central

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