Gold Intraday: the bias remains bullish.
Gold (XAU/USD)
+97.10+1.88%
long positions above 5220 with targets at 5330 & 5380 in extension.
Pivot: 5220
Our preference: long positions above 5220 with targets at 5330 & 5380 in extension.
Alternative scenario: below 5220 look for further downside with 5180 & 5130 as targets.
Comment: the immediate trend remains up and the momentum is strong.
Supports and resistances:
5430
5380
5330
5278 Last
5220
5180
5130
Our preference: long positions above 5220 with targets at 5330 & 5380 in extension.
Alternative scenario: below 5220 look for further downside with 5180 & 5130 as targets.
Comment: the immediate trend remains up and the momentum is strong.
Supports and resistances:
5430
5380
5330
5278 Last
5220
5180
5130
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