Gold Intraday: the downside prevails.

Gold (XAU/USD)
-115.62-2.36%
short positions below 4845 with targets at 4410 & 4270 in extension.
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Pivot: 4845

Our preference: short positions below 4845 with targets at 4410 & 4270 in extension.

Alternative scenario: above 4845 look for further upside with 4960 & 5110 as targets.

Comment: as long as the resistance at 4845 is not surpassed, the risk of the break below 4410 remains high.

Supports and resistances:
5110
4960
4845
4592 Last
4410
4270
4170

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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