Gold Intraday: watch 5050.

Gold (XAU/USD)
+89.86+1.77%
short positions below 5175 with targets at 5050 & 4995 in extension.
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Pivot: 5175

Our preference: short positions below 5175 with targets at 5050 & 4995 in extension.

Alternative scenario: above 5175 look for further upside with 5260 & 5335 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:
5335
5260
5175
5125 Last
5050
4995
4965

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.
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