Gold Intraday: On the edge of pivot level
Gold (XAU/USD)
+24.09+0.59%
The upside prevails as long as 4,060 is support, with 4,127 and 4,145 as targets
Our pivot point is at 4,060.
Our preference: The upside prevails as long as 4,060 is support, with 4,127 and 4,145 as targets
Alternative scenario: below 4,060, expect 4,030 and 4,013.
Comment: The price is dangerously moving towards our pivot, one of the final opportunities for a reversal.
Supports and resistances:
4,162 *
4,145 **
4,127
4,077 last
4,060 **
4,030 *
4,013 **
Our preference: The upside prevails as long as 4,060 is support, with 4,127 and 4,145 as targets
Alternative scenario: below 4,060, expect 4,030 and 4,013.
Comment: The price is dangerously moving towards our pivot, one of the final opportunities for a reversal.
Supports and resistances:
4,162 *
4,145 **
4,127
4,077 last
4,060 **
4,030 *
4,013 **
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