Gold Intraday: consolidation.
Gold (XAU/USD)
-31.38-0.65%
short positions below 4860 with targets at 4785 & 4755 in extension.
Pivot: 4860
Our preference: short positions below 4860 with targets at 4785 & 4755 in extension.
Alternative scenario: above 4860 look for further upside with 4887 & 4924 as targets.
Comment: as long as 4860 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4924
4887
4860
4831 Last
4785
4755
4725
Our preference: short positions below 4860 with targets at 4785 & 4755 in extension.
Alternative scenario: above 4860 look for further upside with 4887 & 4924 as targets.
Comment: as long as 4860 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
4924
4887
4860
4831 Last
4785
4755
4725
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.
