fxstreet.com 23 Feb, 2021 06:45 am

XAU/USD needs to crack $1821 to unleash further upside, Powell eyed – Confluence Detector

XAU/USD needs to crack $1821 to unleash further upside, Powell eyed – Confluence Detector
As US President Joe Biden’s stimulus package heads towards House vote, Gold’s (XAU/USD) comeback from multi-month lows gathers momentum into the third

That level is the confluence of the SMA21 one-day, pivot point one-day R1 and pivot point one-week R1.The next relevant support awaits at $1790, the confluence of the SMA20015-mins, SMA50 one-hour and pivot point one-day S1.6% one-week and pivot point one-month S1 at $1778 could likely challenge the bearish commitments.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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