Gold Intraday: under pressure.

Gold (XAU/USD)
-66.22-1.46%
short positions below 4525 with targets at 4490 & 4465 in extension.
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Pivot: 4525

Our preference: short positions below 4525 with targets at 4490 & 4465 in extension.

Alternative scenario: above 4525 look for further upside with 4545 & 4560 as targets.

Comment: a break below 4490 would trigger a drop towards 4465.

Supports and resistances:
4560 *
4545 *
4525 ***
4508 Last
4490 ***
4465 *
4440 *

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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