Gold Intraday: further advance.

Gold (XAU/USD)
+41.57+1.00%
long positions above 4160 with targets at 4220 & 4250 in extension.
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Pivot: 4160

Our preference: long positions above 4160 with targets at 4220 & 4250 in extension.

Alternative scenario: below 4160 look for further downside with 4140 & 4120 as targets.

Comment: the next resistances are at 4220 and then at 4250.

Supports and resistances:
4276 ***
4250 **
4220 ***
4206 Last
4160 ***
4140 **
4120 ***

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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