Gold Intraday: turning down.

Gold (XAU/USD)
+18.01+0.44%
short positions below 4130 with targets at 4025 & 4000 in extension.
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Pivot: 4130

Our preference: short positions below 4130 with targets at 4025 & 4000 in extension.

Alternative scenario: above 4130 look for further upside with 4185 & 4220 as targets.

Comment: as long as 4130 is resistance, expect a return to 4025.

Supports and resistances:
4220 *
4185 **
4130 ***
4086 Last
4025 **
4000 **
3960 *

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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