Gold Intraday: the downside prevails.

Gold (XAU/USD)
-35.96-0.86%
short positions below 4170 with targets at 4105 & 4075 in extension.
image
Pivot: 4170

Our preference: short positions below 4170 with targets at 4105 & 4075 in extension.

Alternative scenario: above 4170 look for further upside with 4200 & 4230 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:
4230 **
4200 **
4170 ***
4128 Last
4105 ***
4075 **
4047 **

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