Gold Intraday: The upside prevails as long as 4,055 is support
Gold (XAU/USD)
+46.95+1.15%
The upside prevails as long as 4,055 is support, with 4,143 and 4,165 as targets
Our pivot point is at 4,055.
Our preference: The upside prevails as long as 4,055 is support, with 4,143 and 4,165 as targets
Alternative scenario: below 4,055, expect 4,018 and 3,996.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 4,069 and 4,063).
Supports and resistances:
4,187 *
4,165 **
4,143
4,096 last
4,055 **
4,018 *
3,996 **
Our preference: The upside prevails as long as 4,055 is support, with 4,143 and 4,165 as targets
Alternative scenario: below 4,055, expect 4,018 and 3,996.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 4,069 and 4,063).
Supports and resistances:
4,187 *
4,165 **
4,143
4,096 last
4,055 **
4,018 *
3,996 **
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