Gold Intraday: 4875 expected.
Gold (XAU/USD)
+55.25+1.12%
short positions below 5007 with targets at 4910 & 4875 in extension.
Pivot: 5007
Our preference: short positions below 5007 with targets at 4910 & 4875 in extension.
Alternative scenario: above 5007 look for further upside with 5040 & 5080 as targets.
Comment: as long as 5007 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5080
5040
5007
4989 Last
4910
4875
4845
Our preference: short positions below 5007 with targets at 4910 & 4875 in extension.
Alternative scenario: above 5007 look for further upside with 5040 & 5080 as targets.
Comment: as long as 5007 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5080
5040
5007
4989 Last
4910
4875
4845
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.
