Gold Intraday: the downside prevails.
Gold (XAU/USD)
-133.02-2.68%
short positions below 5020 with targets at 4795 & 4655 in extension.
Pivot: 5020
Our preference: short positions below 5020 with targets at 4795 & 4655 in extension.
Alternative scenario: above 5020 look for further upside with 5090 & 5170 as targets.
Comment: as long as 5020 is resistance, expect a return to 4795.
Supports and resistances:
5170
5090
5020
4854 Last
4795
4655
4435
Our preference: short positions below 5020 with targets at 4795 & 4655 in extension.
Alternative scenario: above 5020 look for further upside with 5090 & 5170 as targets.
Comment: as long as 5020 is resistance, expect a return to 4795.
Supports and resistances:
5170
5090
5020
4854 Last
4795
4655
4435
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