Gold Intraday: bullish bias above 4547.

Gold (XAU/USD)
+158.14+3.51%
long positions above 4547 with targets at 4685 & 4735 in extension.
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Pivot: 4547

Our preference: long positions above 4547 with targets at 4685 & 4735 in extension.

Alternative scenario: below 4547 look for further downside with 4520 & 4482 as targets.

Comment: the RSI is above its neutrality area at 50%.

Supports and resistances:
4800
4735
4685
4618 Last
4547
4520
4482

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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