Gold Intraday: target 4643.

Gold (XAU/USD)
-3.80-0.08%
short positions below 4725 with targets at 4643 & 4615 in extension.
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Pivot: 4725

Our preference: short positions below 4725 with targets at 4643 & 4615 in extension.

Alternative scenario: above 4725 look for further upside with 4745 & 4770 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:
4770
4745
4725
4677 Last
4643
4615
4580

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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