Gold Intraday: rebound in sight.
Gold (XAU/USD)
+15.52+0.37%
long positions above 4193 with targets at 4229 & 4243 in extension.
Pivot: 4193
Our preference: long positions above 4193 with targets at 4229 & 4243 in extension.
Alternative scenario: below 4193 look for further downside with 4180 & 4160 as targets.
Comment: the next resistances are at 4229 and then at 4243.
Supports and resistances:
4264
4243
4229
4209 Last
4193
4180
4160
Our preference: long positions above 4193 with targets at 4229 & 4243 in extension.
Alternative scenario: below 4193 look for further downside with 4180 & 4160 as targets.
Comment: the next resistances are at 4229 and then at 4243.
Supports and resistances:
4264
4243
4229
4209 Last
4193
4180
4160
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