Gold Intraday: the upside prevails.

Gold (XAU/USD)
-7.66-0.18%
long positions above 4245 with targets at 4325 & 4380 in extension.
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Pivot: 4245

Our preference: long positions above 4245 with targets at 4325 & 4380 in extension.

Alternative scenario: below 4245 look for further downside with 4215 & 4180 as targets.

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

Supports and resistances:
4425 *
4380 ***
4325 ***
4266 Last
4245 **
4215 *
4180 **

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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