Gold Intraday: Watching for a Trigger Below Support
Gold (XAU/USD)
-60.56-1.37%
The downside prevails as long as 4,428 is resistance, with 4,346 and 4,324 as targets
Our pivot point is at 4,428.
Our preference: The downside prevails as long as 4,428 is resistance, with 4,346 and 4,324 as targets
Alternative scenario: above 4,428, look for 4,464 and 4,485.
Comment: Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.
Supports and resistances:
4,485 **
4,464 *
4,428 **
4,355 last
4,346
4,324 **
4,303 *
Our preference: The downside prevails as long as 4,428 is resistance, with 4,346 and 4,324 as targets
Alternative scenario: above 4,428, look for 4,464 and 4,485.
Comment: Prices are now approaching our first target. Reaching this level could trigger a pullback. Conversely, a decisive break below it could lead to a further fall.
Supports and resistances:
4,485 **
4,464 *
4,428 **
4,355 last
4,346
4,324 **
4,303 *
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.
