Gold Intraday: under pressure.

Gold (XAU/USD)
-80.86-1.71%
short positions below 4740 with targets at 4680 & 4650 in extension.
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Pivot: 4740

Our preference: short positions below 4740 with targets at 4680 & 4650 in extension.

Alternative scenario: above 4740 look for further upside with 4770 & 4795 as targets.

Comment: a break below 4680 would trigger a drop towards 4650.

Supports and resistances:
4795 **
4770 ***
4740 ***
4693 Last
4680 **
4650 ***
4615 *

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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