Gold Intraday: the upside prevails.
Gold (XAU/USD)
+84.64+1.56%
long positions above 5380 with targets at 5650 & 5730 in extension.
Pivot: 5380
Our preference: long positions above 5380 with targets at 5650 & 5730 in extension.
Alternative scenario: below 5380 look for further downside with 5315 & 5255 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
5800
5730
5650
5542 Last
5380
5315
5255
Our preference: long positions above 5380 with targets at 5650 & 5730 in extension.
Alternative scenario: below 5380 look for further downside with 5315 & 5255 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
5800
5730
5650
5542 Last
5380
5315
5255
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