Gold Intraday: bullish bias above 4160.

Gold (XAU/USD)
-6.40-0.15%
long positions above 4160 with targets at 4215 & 4245 in extension.
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Pivot: 4160

Our preference: long positions above 4160 with targets at 4215 & 4245 in extension.

Alternative scenario: below 4160 look for further downside with 4110 & 4060 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
4270 **
4245 ***
4215 **
4184 Last
4160 ***
4110 **
4060 **

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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