Technical Analysis (Gold) : XAU/USD 8 December 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 8 December 2020

Pivot point : 1848.00

Our preference : long positions above 1848.00 with targets at 1881.00 & 1891.00 in extension.

Alternative scenario : below 1848.00 look for further downside with 1838.00 & 1829.00 as targets.

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

Supports and resistances :

1900.00 **
1891.00 *
1881.00
1867.29 – Last price
1848.00
1838.00 *
1829.00 **

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

Source : Trading Central

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