Gold Intraday: choppy.

Gold (XAU/USD)
-77.28-1.49%
short positions below 5130 with targets at 4995 & 4940 in extension.
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Pivot: 5130

Our preference: short positions below 5130 with targets at 4995 & 4940 in extension.

Alternative scenario: above 5130 look for further upside with 5175 & 5225 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Supports and resistances:
5225
5175
5130
5094 Last
4995
4940
4900

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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