Gold Intraday: choppy.
Gold (XAU/USD)
+23.67+0.44%
short positions below 5380 with targets at 5100 & 4990 in extension.
Pivot: 5380
Our preference: short positions below 5380 with targets at 5100 & 4990 in extension.
Alternative scenario: above 5380 look for further upside with 5470 & 5590 as targets.
Comment: as long as 5380 is resistance, expect a return to 5100.
Supports and resistances:
5590
5470
5380
5297 Last
5100
4990
4900
Our preference: short positions below 5380 with targets at 5100 & 4990 in extension.
Alternative scenario: above 5380 look for further upside with 5470 & 5590 as targets.
Comment: as long as 5380 is resistance, expect a return to 5100.
Supports and resistances:
5590
5470
5380
5297 Last
5100
4990
4900
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