Gold Intraday: towards 5240.
Gold (XAU/USD)
+61.48+1.19%
long positions above 5100 with targets at 5240 & 5280 in extension.
Pivot: 5100
Our preference: long positions above 5100 with targets at 5240 & 5280 in extension.
Alternative scenario: below 5100 look for further downside with 5050 & 5005 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
5310
5280
5240
5172 Last
5100
5050
5005
Our preference: long positions above 5100 with targets at 5240 & 5280 in extension.
Alternative scenario: below 5100 look for further downside with 5050 & 5005 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
5310
5280
5240
5172 Last
5100
5050
5005
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