Gold Middle Term: key resistance at 4855.

Gold (XAU/USD)
+102.85+2.44%
short positions below 4855 with targets at 3880 & 3500 in extension.
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Pivot: 4855

Our preference: short positions below 4855 with targets at 3880 & 3500 in extension.

Alternative scenario: above 4855 look for further upside with 5300 & 5600 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:
5600 **
5300 ***
4855 ***
4302 Last
3880 ***
3500 **
3120 **

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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