Gold Intraday: towards 4600.

Gold (XAU/USD)
+70.00+1.55%
long positions above 4498 with targets at 4575 & 4600 in extension.
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Pivot: 4498

Our preference: long positions above 4498 with targets at 4575 & 4600 in extension.

Alternative scenario: below 4498 look for further downside with 4478 & 4460 as targets.

Comment: the immediate trend remains up and the momentum is strong.

Supports and resistances:
4645
4600
4575
4540 Last
4498
4478
4460

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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