fxstreet.com 08 Feb, 2021 06:00 am

XAU/USD eyes $1825 as post-NFP upside target – Confluence Detector

XAU/USD eyes $1825 as post-NFP upside target  – Confluence Detector
Gold has been able to stage a comeback after the US reported an increase of only 49,000 jobs in January. The disappointing Nonfarm Payrolls report pus

XAU/USD resistance and support levels Confluence Detector The Confluence Detector finds exciting opportunities using Technical Confluences.It is a cluster including the SMA 5-15m, the SMA 10-1h, and the previous monthly low.Looking down, some support awaits at $1,804, which is the confluence of the Fibonacci 38.Further down, distant support awaits at $1,785, which is a juncture including the BB 4h-Lower and the previous daily low.

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