Gold Intraday: choppy.
Gold (XAU/USD)
-31.38-0.65%
short positions below 4848 with targets at 4748 & 4714 in extension.
Pivot: 4848
Our preference: short positions below 4848 with targets at 4748 & 4714 in extension.
Alternative scenario: above 4848 look for further upside with 4887 & 4930 as targets.
Comment: a break below 4748 would trigger a drop towards 4714.
Supports and resistances:
4930
4887
4848
4819 Last
4748
4714
4682
Our preference: short positions below 4848 with targets at 4748 & 4714 in extension.
Alternative scenario: above 4848 look for further upside with 4887 & 4930 as targets.
Comment: a break below 4748 would trigger a drop towards 4714.
Supports and resistances:
4930
4887
4848
4819 Last
4748
4714
4682
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