Technical Analysis (Gold) : XAU/USD 9 December 2020

Forex Technical Analysis : XAUUSD (Gold)

Date : 9 December 2020

Pivot point : 1875.00

Our preference : short positions below 1875.00 with targets at 1848.00 & 1841.00 in extension.

Alternative scenario : above 1875.00 look for further upside with 1884.00 & 1892.00 as targets.

Comment : the RSI is mixed to bearish.

Supports and resistances :

1892.00 **
1884.00 *
1875.00
1861.43 – Last price
1848.00
1841.00 *
1833.00 **

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

Source : Trading Central

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