Gold Intraday: key resistance at 4505.

Gold (XAU/USD)
-34.35-0.77%
short positions below 4505 with targets at 4445 & 4420 in extension.
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Pivot: 4505

Our preference: short positions below 4505 with targets at 4445 & 4420 in extension.

Alternative scenario: above 4505 look for further upside with 4545 & 4580 as targets.

Comment: as long as 4505 is resistance, expect a return to 4445.

Supports and resistances:
4580 **
4545 ***
4505 **
4470 Last
4445 ***
4420 ***
4400 **

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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