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

Forex Technical Analysis : XAUUSD (Gold)

Date : 8 January 2021

Pivot point : 1920.00

Our preference : short positions below 1920.00 with targets at 1900.00 & 1890.00 in extension.

Alternative scenario : above 1920.00 look for further upside with 1928.00 & 1935.00 as targets.

Comment : the RSI is below its neutrality area at 50%

Supports and resistances :

1935.00 **
1928.00 *
1920.00
1907.20 – Last price
1900.00
1890.00 *
1880.00 **

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

Source : Trading Central

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