Gold Intraday: turning down.

Gold (XAU/USD)
-40.94-0.96%
short positions below 4270 with targets at 4180 & 4135 in extension.
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Pivot: 4270

Our preference: short positions below 4270 with targets at 4180 & 4135 in extension.

Alternative scenario: above 4270 look for further upside with 4300 & 4325 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:
4325 **
4300 **
4270 ***
4224 Last
4180 ***
4135 **
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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