Technical Analysis (Gold) : XAU/USD 7 January 2021

7 January 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 7 January 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 7 January 2021

Pivot point : 1790.00

Our preference : Long positions above 1790.00 look for further upside with 2000.00 & 2075.00 as targets.

Alternative scenario : below 1790.00 with targets at 1670.00 & 1600.00 in extension.

Comment : The RSI is mixed with a bullish bias.

Supports and resistances :

2100.00 **
2075.00 *
2000.00
1920.44 – Last price
1670.00
1600.00 *
1570.00 **

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

Source : Trading Central

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