Gold Intraday: key resistance at 4060.
Gold (XAU/USD)
-2.01-0.05%
short positions below 4060 with targets at 3997 & 3975 in extension.
Pivot: 4060
Our preference: short positions below 4060 with targets at 3997 & 3975 in extension.
Alternative scenario: above 4060 look for further upside with 4087 & 4110 as targets.
Comment: as long as 4060 is resistance, likely decline to 3997.
Supports and resistances:
4110
4087
4060
4041 Last
3997
3975
3952
Our preference: short positions below 4060 with targets at 3997 & 3975 in extension.
Alternative scenario: above 4060 look for further upside with 4087 & 4110 as targets.
Comment: as long as 4060 is resistance, likely decline to 3997.
Supports and resistances:
4110
4087
4060
4041 Last
3997
3975
3952
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