Gold Intraday: key resistance at 4220.

Gold (XAU/USD)
-3.67-0.09%
short positions below 4220 with targets at 4193 & 4180 in extension.
image
Pivot: 4220

Our preference: short positions below 4220 with targets at 4193 & 4180 in extension.

Alternative scenario: above 4220 look for further upside with 4229 & 4243 as targets.

Comment: the upward potential is likely to be limited by the resistance at 4220.

Supports and resistances:
4243
4229
4220
4209 Last
4193
4180
4160

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