Gold Intraday: the upside prevails.

Gold (XAU/USD)
+40.21+0.91%
long positions above 4448 with targets at 4520 & 4550 in extension.
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Pivot: 4448

Our preference: long positions above 4448 with targets at 4520 & 4550 in extension.

Alternative scenario: below 4448 look for further downside with 4428 & 4405 as targets.

Comment: the RSI calls for a bounce.

Supports and resistances:
4580
4550
4520
4487 Last
4448
4428
4405

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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