Gold Intraday: the upside prevails.

Gold (XAU/USD)
-1.76-0.04%
long positions above 4200 with targets at 4246 & 4265 in extension.
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Pivot: 4200

Our preference: long positions above 4200 with targets at 4246 & 4265 in extension.

Alternative scenario: below 4200 look for further downside with 4188 & 4176 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
4290
4265
4246
4237 Last
4200
4188
4176

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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