Gold Intraday: under pressure.

Gold (XAU/USD)
-10.57-0.26%
short positions below 4024 with targets at 3965 & 3942 in extension.
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Pivot: 4024

Our preference: short positions below 4024 with targets at 3965 & 3942 in extension.

Alternative scenario: above 4024 look for further upside with 4040 & 4071 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances:
4071 **
4040 **
4024 ***
3993 Last
3965 ***
3942 **
3920 **

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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