Gold Intraday: the bias remains bullish.
Gold (XAU/USD)
+39.47+0.79%
long positions above 5000 with targets at 5085 & 5145 in extension.
Pivot: 5000
Our preference: long positions above 5000 with targets at 5085 & 5145 in extension.
Alternative scenario: below 5000 look for further downside with 4945 & 4905 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
5230
5145
5085
5060 Last
5000
4945
4905
Our preference: long positions above 5000 with targets at 5085 & 5145 in extension.
Alternative scenario: below 5000 look for further downside with 4945 & 4905 as targets.
Comment: the RSI is above its neutrality area at 50%.
Supports and resistances:
5230
5145
5085
5060 Last
5000
4945
4905
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