Gold Intraday: towards 5040.
Gold (XAU/USD)
+21.38+0.43%
long positions above 4885 with targets at 4980 & 5040 in extension.
Pivot: 4885
Our preference: long positions above 4885 with targets at 4980 & 5040 in extension.
Alternative scenario: below 4885 look for further downside with 4838 & 4800 as targets.
Comment: the break above 4885 is a positive signal that has opened a path to 4980.
Supports and resistances:
5100
5040
4980
4964 Last
4885
4838
4800
Our preference: long positions above 4885 with targets at 4980 & 5040 in extension.
Alternative scenario: below 4885 look for further downside with 4838 & 4800 as targets.
Comment: the break above 4885 is a positive signal that has opened a path to 4980.
Supports and resistances:
5100
5040
4980
4964 Last
4885
4838
4800
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