Gold Intraday: further advance.

Gold (XAU/USD)
+78.98+1.94%
long positions above 4085 with targets at 4140 & 4164 in extension.
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Pivot: 4085

Our preference: long positions above 4085 with targets at 4140 & 4164 in extension.

Alternative scenario: below 4085 look for further downside with 4065 & 4050 as targets.

Comment: the break above the resistance at 4085 triggered an upward acceleration to 4140.

Supports and resistances:
4180 **
4164 ***
4140 ***
4115 Last
4085 ***
4065 **
4050 **

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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