Gold Intraday: intraday support around 4575.
Gold (XAU/USD)
-6.75-0.15%
long positions above 4575 with targets at 4615 & 4630 in extension.
Pivot: 4575
Our preference: long positions above 4575 with targets at 4615 & 4630 in extension.
Alternative scenario: below 4575 look for further downside with 4550 & 4515 as targets.
Comment: a support base at 4575 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4650
4630
4615
4594 Last
4575
4550
4515
Our preference: long positions above 4575 with targets at 4615 & 4630 in extension.
Alternative scenario: below 4575 look for further downside with 4550 & 4515 as targets.
Comment: a support base at 4575 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
4650
4630
4615
4594 Last
4575
4550
4515
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