Gold Intraday: key resistance at 4015.

Gold (XAU/USD)
+7.01+0.18%
short positions below 4015 with targets at 3970 & 3942 in extension.
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Pivot: 4015

Our preference: short positions below 4015 with targets at 3970 & 3942 in extension.

Alternative scenario: above 4015 look for further upside with 4040 & 4071 as targets.

Comment: the index currently faces a challenging resistance area at 4015.

Supports and resistances:
4071 **
4040 **
4015 ***
4005 Last
3970 ***
3942 **
3900 *

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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