Technical Analysis (Gold) : XAU/USD 9 February 2021

Forex Technical Analysis : XAUUSD (Gold)

Date : 9 February 2021

Pivot point : 1828.00

Our preference : long positions above 1828.00 with targets at 1854.00 & 1864.00 in extension.

Alternative scenario : below 1828.00 look for further downside with 1818.00 & 1808.00 as targets.

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

Supports and resistances :

1875.00 **
1864.00 *
1854.00
1840.17 – Last price
1828.00
1818.00 *
1808.00 **

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

Source : Trading Central

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