Gold Intraday: the bias remains bullish.
Gold (XAU/USD)
+38.68+0.78%
long positions above 5052 with targets at 5140 & 5170 in extension.
Pivot: 5052
Our preference: long positions above 5052 with targets at 5140 & 5170 in extension.
Alternative scenario: below 5052 look for further downside with 5030 & 5000 as targets.
Comment: the next resistances are at 5140 and then at 5170.
Supports and resistances:
5220
5170
5140
5071 Last
5052
5030
5000
Our preference: long positions above 5052 with targets at 5140 & 5170 in extension.
Alternative scenario: below 5052 look for further downside with 5030 & 5000 as targets.
Comment: the next resistances are at 5140 and then at 5170.
Supports and resistances:
5220
5170
5140
5071 Last
5052
5030
5000
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.
