Gold Intraday: expect 5600.
Gold (XAU/USD)
+106.44+1.97%
long positions above 5315 with targets at 5530 & 5600 in extension.
Pivot: 5315
Our preference: long positions above 5315 with targets at 5530 & 5600 in extension.
Alternative scenario: below 5315 look for further downside with 5255 & 5180 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
5650
5600
5530
5451 Last
5315
5255
5180
Our preference: long positions above 5315 with targets at 5530 & 5600 in extension.
Alternative scenario: below 5315 look for further downside with 5255 & 5180 as targets.
Comment: the RSI shows upside momentum.
Supports and resistances:
5650
5600
5530
5451 Last
5315
5255
5180
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