Gold Intraday: the downside prevails.
Gold (XAU/USD)
-483.37-8.99%
short positions below 4960 with targets at 4650 & 4570 in extension.
Pivot: 4960
Our preference: short positions below 4960 with targets at 4650 & 4570 in extension.
Alternative scenario: above 4960 look for further upside with 5100 & 5185 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
5185
5100
4960
4860 Last
4650
4570
4480
Our preference: short positions below 4960 with targets at 4650 & 4570 in extension.
Alternative scenario: above 4960 look for further upside with 5100 & 5185 as targets.
Comment: the RSI shows downside momentum.
Supports and resistances:
5185
5100
4960
4860 Last
4650
4570
4480
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