Gold Intraday: the downside prevails.

Gold (XAU/USD)
-79.36-1.90%
short positions below 4125 with targets at 4050 & 4020 in extension.
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Pivot: 4125

Our preference: short positions below 4125 with targets at 4050 & 4020 in extension.

Alternative scenario: above 4125 look for further upside with 4150 & 4180 as targets.

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

Supports and resistances:
4180
4150
4125
4084 Last
4050
4020
3990

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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