Gold Intraday: the bias remains bullish.

Gold (XAU/USD)
+87.74+1.73%
long positions above 5140 with targets at 5195 & 5210 in extension.
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Pivot: 5140

Our preference: long positions above 5140 with targets at 5195 & 5210 in extension.

Alternative scenario: below 5140 look for further downside with 5115 & 5095 as targets.

Comment: the next resistances are at 5195 and then at 5210.

Supports and resistances:
5235
5210
5195
5170 Last
5140
5115
5095

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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