Gold Intraday: target 4385.

Gold (XAU/USD)
+102.85+2.44%
long positions above 4210 with targets at 4350 & 4385 in extension.
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Pivot: 4210

Our preference: long positions above 4210 with targets at 4350 & 4385 in extension.

Alternative scenario: below 4210 look for further downside with 4170 & 4110 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
4425 **
4385 ***
4350 **
4292 Last
4210 ***
4170 **
4110 **

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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