fxstreet.com 16 Feb, 2021 15:30 am

XAU/USD faces uphill battle after tumbling under $1,800 – Confluence Detector

XAU/USD faces uphill battle after tumbling under $1,800  – Confluence Detector
Is more fiscal stimulus good for gold? That used to be the narrative in 2020, but 2021 is already different. The new narrative is that massive governm

XAU/USD resistance and support levels Confluence Detector The Confluence Detector finds exciting opportunities using Technical Confluences.The Technical Confluences Indicator is showing that gold faces fierce resistance at $1,803, which is the convergence of the Bollinger Band one-day Lower, the Pivot Point one-day Support, and the previous monthly low.Some support awaits at $1,776, which is where the Pivot Point one-month Support 1 and the Fibonacci 161.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature.You should do your own thorough research before making any investment decisions.

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