Gold Intraday: Towards 4,008
Gold (XAU/USD)
+11.09+0.27%
The downside prevails as long as 4,077 is resistance, with 4,008 and 3,990 as targets
Our pivot point is at 4,077.
Our preference: The downside prevails as long as 4,077 is resistance, with 4,008 and 3,990 as targets
Alternative scenario: above 4,077, look for 4,106 and 4,124.
Comment: The MACD is above its signal line and negative. The price stands above its 20 period moving average (4,039) but below its 50 period moving average (4,054).
Supports and resistances:
4,124 **
4,106 *
4,077 **
4,053 last
4,008
3,990 **
3,972 *
Our preference: The downside prevails as long as 4,077 is resistance, with 4,008 and 3,990 as targets
Alternative scenario: above 4,077, look for 4,106 and 4,124.
Comment: The MACD is above its signal line and negative. The price stands above its 20 period moving average (4,039) but below its 50 period moving average (4,054).
Supports and resistances:
4,124 **
4,106 *
4,077 **
4,053 last
4,008
3,990 **
3,972 *
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