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

Forex Technical Analysis : XAUUSD (Gold)

Date : 9 March 2021

Pivot point : 1685.00

Our preference : long positions above 1685.00 with targets at 1706.00 & 1714.00 in extension.

Alternative scenario : below 1685.00 look for further downside with 1676.00 & 1669.00 as targets.

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

Supports and resistances :

1723.00 **
1714.00 *
1706.00
1694.94 – Last price
1685.00
1676.00 *
1669.00 **

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

Source : Trading Central

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