Gold Intraday: limited upside.

Gold (XAU/USD)
+94.41+1.82%
long positions above 5245 with targets at 5310 & 5345 in extension.
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Pivot: 5245

Our preference: long positions above 5245 with targets at 5310 & 5345 in extension.

Alternative scenario: below 5245 look for further downside with 5215 & 5200 as targets.

Comment: investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances:
5365
5345
5310
5277 Last
5245
5215
5200

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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