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

Forex Technical Analysis : XAUUSD (Gold)

Date : 6 January 2021

Pivot point : 1955.00

Our preference : Short positions below 1955.00 with targets at 1934.00 & 1928.00 in extension.

Alternative scenario : Above 1955.00 look for further upside with 1965.00 & 1973.00 as targets.

Comment : The RSI is mixed with a bearish bias.

Supports and resistances :

1973.00 **
1965.00 *
1955.00
1946.37 – Last price
1934.00
1928.00 *
1919.00 **

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

Source : Trading Central

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