Gold Intraday: turning down.

Gold (XAU/USD)
-112.01-2.72%
short positions below 4050 with targets at 3940 & 3900 in extension.
image
Pivot: 4050

Our preference: short positions below 4050 with targets at 3940 & 3900 in extension.

Alternative scenario: above 4050 look for further upside with 4090 & 4140 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
4140 **
4090 **
4050 ***
3987 Last
3940 ***
3900 *
3820 *

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.
goTop
quote