Gold Intraday: intraday support around 4980.

Gold (XAU/USD)
-34.53-0.68%
long positions above 4980 with targets at 5085 & 5145 in extension.
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Pivot: 4980

Our preference: long positions above 4980 with targets at 5085 & 5145 in extension.

Alternative scenario: below 4980 look for further downside with 4905 & 4835 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
5230
5145
5085
5018 Last
4980
4905
4835

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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