Gold Intraday: key resistance at 4460.
Gold (XAU/USD)
-7.80-0.18%
short positions below 4460 with targets at 4395 & 4350 in extension.
Pivot: 4460
Our preference: short positions below 4460 with targets at 4395 & 4350 in extension.
Alternative scenario: above 4460 look for further upside with 4490 & 4510 as targets.
Comment: the upward potential is likely to be limited by the resistance at 4460.
Supports and resistances:
4510 *
4490 ***
4460 ***
4453 Last
4395 ***
4350 **
4305 **
Our preference: short positions below 4460 with targets at 4395 & 4350 in extension.
Alternative scenario: above 4460 look for further upside with 4490 & 4510 as targets.
Comment: the upward potential is likely to be limited by the resistance at 4460.
Supports and resistances:
4510 *
4490 ***
4460 ***
4453 Last
4395 ***
4350 **
4305 **
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