Gold Intraday: the upside prevails.

Gold (XAU/USD)
+69.20+1.35%
long positions above 5125 with targets at 5235 & 5290 in extension.
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Pivot: 5125

Our preference: long positions above 5125 with targets at 5235 & 5290 in extension.

Alternative scenario: below 5125 look for further downside with 5090 & 5045 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:
5340
5290
5235
5181 Last
5125
5090
5045

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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