Technical Analysis (Gold) : XAU/USD 8 February 2021

8 February 2021 Analysis (Forex, CFDs, Cryptocurrency)CFDs (Gold & Silver)XAU/USD (Gold)

Forex Technical Analysis : XAUUSD 8 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 8 February 2021

Pivot point : 1801.00

Our preference : long positions above 1801.00 with targets at 1827.00 & 1837.00 in extension.

Alternative scenario : below 1801.00 look for further downside with 1793.00 & 1785.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1845.00 **
1837.00 *
1827.00
1810.79 – Last price
1801.00
1793.00 *
1785.00 **

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

Source : Trading Central

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