Gold Intraday: the downside prevails.

Gold (XAU/USD)
-296.55-6.60%
short positions below 4515 with targets at 4280 & 4130 in extension.
image
Pivot: 4515

Our preference: short positions below 4515 with targets at 4280 & 4130 in extension.

Alternative scenario: above 4515 look for further upside with 4610 & 4735 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:
4735
4610
4515
4353 Last
4280
4130
4000

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.
goTop
quote