Gold Intraday: bullish bias above 5030.

Gold (XAU/USD)
+73.12+1.46%
long positions above 5030 with targets at 5140 & 5180 in extension.
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Pivot: 5030

Our preference: long positions above 5030 with targets at 5140 & 5180 in extension.

Alternative scenario: below 5030 look for further downside with 4990 & 4965 as targets.

Comment: the RSI is above its neutrality area at 50%.

Supports and resistances:
5230
5180
5140
5077 Last
5030
4990
4965

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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