Gold Intraday: under pressure.
Gold (XAU/USD)
-162.30-3.19%
short positions below 5007 with targets at 4845 & 4800 in extension.
Pivot: 5007
Our preference: short positions below 5007 with targets at 4845 & 4800 in extension.
Alternative scenario: above 5007 look for further upside with 5040 & 5080 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
5080
5040
5007
4955 Last
4845
4800
4700
Our preference: short positions below 5007 with targets at 4845 & 4800 in extension.
Alternative scenario: above 5007 look for further upside with 5040 & 5080 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
5080
5040
5007
4955 Last
4845
4800
4700
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