XAUUSD - Weekly trend & Levels

14 Feb 2021

Weekly:

Again the 1780-85 level seems to stick out. Clear, clean trend and technical levels are being respected.
On this chart we have closed below a key level so if we are going down over the next few weeks it needs to be a sharp quick move up and back down.

We’re looking for resistance at 1835 to test the shorts again. We could get a bit of a squeeze on sellers so look for the levels below.

Resistance:

1824-35
1850-53
1896-1900

Support:
1801
1765-75
1725-35