Gold Intraday: rebound expected.
Gold (XAU/USD)
-15.17-0.30%
long positions above 5040 with targets at 5090 & 5110 in extension.
Pivot: 5040
Our preference: long positions above 5040 with targets at 5090 & 5110 in extension.
Alternative scenario: below 5040 look for further downside with 5005 & 4980 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
5140
5110
5090
5071 Last
5040
5005
4980
Our preference: long positions above 5040 with targets at 5090 & 5110 in extension.
Alternative scenario: below 5040 look for further downside with 5005 & 4980 as targets.
Comment: the RSI is mixed with a bullish bias.
Supports and resistances:
5140
5110
5090
5071 Last
5040
5005
4980
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