Gold Intraday: the downside prevails.

Gold (XAU/USD)
-40.94-0.96%
short positions below 4300 with targets at 4215 & 4180 in extension.
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Pivot: 4300

Our preference: short positions below 4300 with targets at 4215 & 4180 in extension.

Alternative scenario: above 4300 look for further upside with 4325 & 4355 as targets.

Comment: a break below 4215 would trigger a drop towards 4180.

Supports and resistances:
4355 **
4325 **
4300 ***
4252 Last
4215 ***
4180 **
4135 *

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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