Gold Intraday: bullish bias above 5030.
Gold (XAU/USD)
+38.68+0.78%
long positions above 5030 with targets at 5140 & 5170 in extension.
Pivot: 5030
Our preference: long positions above 5030 with targets at 5140 & 5170 in extension.
Alternative scenario: below 5030 look for further downside with 5000 & 4963 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
5220
5170
5140
5092 Last
5030
5000
4963
Our preference: long positions above 5030 with targets at 5140 & 5170 in extension.
Alternative scenario: below 5030 look for further downside with 5000 & 4963 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
5220
5170
5140
5092 Last
5030
5000
4963
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