Gold Intraday: bullish bias above 5145.

Gold (XAU/USD)
+126.68+2.48%
long positions above 5145 with targets at 5210 & 5250 in extension.
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Pivot: 5145

Our preference: long positions above 5145 with targets at 5210 & 5250 in extension.

Alternative scenario: below 5145 look for further downside with 5125 & 5100 as targets.

Comment: the next resistances are at 5210 and then at 5250.

Supports and resistances:
5310
5250
5210
5188 Last
5145
5125
5100

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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