Gold Intraday: under pressure.

Gold (XAU/USD)
-34.35-0.77%
short positions below 4495 with targets at 4445 & 4420 in extension.
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Pivot: 4495

Our preference: short positions below 4495 with targets at 4445 & 4420 in extension.

Alternative scenario: above 4495 look for further upside with 4520 & 4540 as targets.

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

Supports and resistances:
4540 ***
4520 **
4495 ***
4462 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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