Gold Intraday: turning down.
Gold (XAU/USD)
-144.78-2.69%
short positions below 5370 with targets at 5000 & 4900 in extension.
Pivot: 5370
Our preference: short positions below 5370 with targets at 5000 & 4900 in extension.
Alternative scenario: above 5370 look for further upside with 5470 & 5590 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
5590
5470
5370
5170 Last
5000
4900
4810
Our preference: short positions below 5370 with targets at 5000 & 4900 in extension.
Alternative scenario: above 5370 look for further upside with 5470 & 5590 as targets.
Comment: the RSI is bearish and calls for further downside.
Supports and resistances:
5590
5470
5370
5170 Last
5000
4900
4810
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