Gold Intraday: further advance.
Gold (XAU/USD)
+29.62+0.59%
long positions above 4980 with targets at 5045 & 5080 in extension.
Pivot: 4980
Our preference: long positions above 4980 with targets at 5045 & 5080 in extension.
Alternative scenario: below 4980 look for further downside with 4960 & 4940 as targets.
Comment: the next resistances are at 5045 and then at 5080.
Supports and resistances:
5115
5080
5045
5028 Last
4980
4960
4940
Our preference: long positions above 4980 with targets at 5045 & 5080 in extension.
Alternative scenario: below 4980 look for further downside with 4960 & 4940 as targets.
Comment: the next resistances are at 5045 and then at 5080.
Supports and resistances:
5115
5080
5045
5028 Last
4980
4960
4940
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