Gold Intraday: key resistance at 5030.
Gold (XAU/USD)
-34.27-0.68%
short positions below 5030 with targets at 4967 & 4933 in extension.
Pivot: 5030
Our preference: short positions below 5030 with targets at 4967 & 4933 in extension.
Alternative scenario: above 5030 look for further upside with 5080 & 5115 as targets.
Comment: as long as 5030 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5115
5080
5030
5007 Last
4967
4933
4915
Our preference: short positions below 5030 with targets at 4967 & 4933 in extension.
Alternative scenario: above 5030 look for further upside with 5080 & 5115 as targets.
Comment: as long as 5030 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
5115
5080
5030
5007 Last
4967
4933
4915
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