Gold Intraday: caution.
Gold (XAU/USD)
+149.80+3.14%
short positions below 4920 with targets at 4705 & 4600 in extension.
Pivot: 4920
Our preference: short positions below 4920 with targets at 4705 & 4600 in extension.
Alternative scenario: above 4920 look for further upside with 4980 & 5055 as targets.
Comment: the index currently faces a challenging resistance area at 4920.
Supports and resistances:
5055
4980
4920
4867 Last
4705
4600
4480
Our preference: short positions below 4920 with targets at 4705 & 4600 in extension.
Alternative scenario: above 4920 look for further upside with 4980 & 5055 as targets.
Comment: the index currently faces a challenging resistance area at 4920.
Supports and resistances:
5055
4980
4920
4867 Last
4705
4600
4480
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
