Gold Intraday: under pressure.

Gold (XAU/USD)
+2.47+0.05%
short positions below 5190 with targets at 5125 & 5090 in extension.
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Pivot: 5190

Our preference: short positions below 5190 with targets at 5125 & 5090 in extension.

Alternative scenario: above 5190 look for further upside with 5215 & 5235 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:
5235
5215
5190
5163 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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