Gold Intraday: the upside prevails.

Gold (XAU/USD)
-14.27-0.35%
long positions above 4050 with targets at 4100 & 4130 in extension.
image
Pivot: 4050

Our preference: long positions above 4050 with targets at 4100 & 4130 in extension.

Alternative scenario: below 4050 look for further downside with 4030 & 4000 as targets.

Comment: the break above 4050 is a positive signal that has opened a path to 4100.

Supports and resistances:
4155
4130
4100
4072 Last
4050
4030
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