Gold Intraday: the bias remains bullish.

Gold (XAU/USD)
+2.47+0.05%
long positions above 5165 with targets at 5235 & 5270 in extension.
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Pivot: 5165

Our preference: long positions above 5165 with targets at 5235 & 5270 in extension.

Alternative scenario: below 5165 look for further downside with 5125 & 5090 as targets.

Comment: the immediate trend remains up but the momentum is weak.

Supports and resistances:
5290
5270
5235
5186 Last
5165
5125
5090

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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