Gold Intraday: rebound.

Gold (XAU/USD)
-7.52-0.18%
long positions above 4070 with targets at 4130 & 4145 in extension.
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Pivot: 4070

Our preference: long positions above 4070 with targets at 4130 & 4145 in extension.

Alternative scenario: below 4070 look for further downside with 4050 & 4030 as targets.

Comment: the RSI calls for a bounce.

Supports and resistances:
4180
4145
4130
4102 Last
4070
4050
4030

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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