Gold Intraday: bullish bias above 5255.

Gold (XAU/USD)
+34.16+0.63%
long positions above 5255 with targets at 5390 & 5435 in extension.
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Pivot: 5255

Our preference: long positions above 5255 with targets at 5390 & 5435 in extension.

Alternative scenario: below 5255 look for further downside with 5220 & 5180 as targets.

Comment: the next resistances are at 5390 and then at 5435.

Supports and resistances:
5490
5435
5390
5336 Last
5255
5220
5180

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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