Gold Intraday: the downside prevails.

Gold (XAU/USD)
-19.03-0.38%
short positions below 5036 with targets at 4965 & 4945 in extension.
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Pivot: 5036

Our preference: short positions below 5036 with targets at 4965 & 4945 in extension.

Alternative scenario: above 5036 look for further upside with 5068 & 5100 as targets.

Comment: the RSI calls for a new downleg.

Supports and resistances:
5100
5068
5036
4995 Last
4965
4945
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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