GOLD/XAUUSD ANALYSIS FEBRUARY 2021

ANALYSIS 27-FEB-2021 - BULL or BEAR?

Is the correction completed? Min target done at 1732-1720.

Extensions can be 1680, 1632, 1592, 1575.

As of now strong support 1716.

As long as 1716 holds support we can see retest of 1758, 1786.

ANALYSIS 26-FE-2021

Going as per the analysis. From 1861 to 1767 till now (Based on 1st Feb analysis.).

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ANALYSIS 01-Feb-2021

CMP: 1861; RES: 1965; SUP: 1804.

As long as 1965 resists, we will see 1739, 1677, 1599, 1559.

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ANALYSIS 25-FEB-2021

BULL OR BEAR?

ANALYSIS 23-FEB-2021

Gold has done normal target between 1808-1815. Extension can be 1819/1825.

As long as 1856 resists, we can see fall again to new low and as per me downside targets 1739-1721-1707-1687.

Let us wait and watch how Gold is going to take its path.

ANALYSIS 22-FEB-2021

ALTERNATE VIEW:

PRIMARY VIEW:

If gold holds support of 1777/1760, we can see 1793, 1800, [1807-1814], 1826-1831.

NOTE: Based on Daily chart, as long as 1877/1960 resists, we will see 1739-1675.

ANALYSIS 20-FEB-2021

Nothing new to add.

Based on Daily chart, as long as 1877/1960 resists, we will see 1739-1675

ANALYSIS 18-FEB-2021

UPDATE 2:

UPDATE 1:

ANALYSIS 17-FEB-2021

Present View:

ANALYSIS 16-FEB-2021

1827/1818

Above 1838

Below 1807

ANALYSIS 11-FEB-2021

As long as gold resisted by 1847/1855, we can see 1830, 1825, 1818, 1810, 1787, 1760, 1730.

ANALYSIS 10-FEB-2021

ANALYSIS 05-FEB-2021

Gold present view: BULL or BEAR?

ANALYSIS 02-FEB-2021

CMP: 1855; RES: 1855/1959; SUP: 1831/1804

No Change in my views. Still GOLD is trading in a range between 1877-1804

1. If 1831 holds support, and a break of 1877, we can see 1881, 1901, 1918.

If 1959 resists, again we will see 1804 and fall towards 1739 first.

Further targets: 1739, 1720

2. If 1877 holds resistance and break of 1804, we will see 1739,-1720, 1684, 1625, 1603.

Reversal 1st target 2075.

ANALYSIS 01-Feb-2021

CMP: 1861; RES: 1965; SUP: 1804.

As long as 1965 resists, we will see 1739, 1677, 1599, 1559.

Based on 1H chart, if 1831 supports, we can see 1900+ before big fall.