Gold Intraday: caution.

Gold (XAU/USD)
+61.74+1.37%
short positions below 4555 with targets at 4490 & 4465 in extension.
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Pivot: 4555

Our preference: short positions below 4555 with targets at 4490 & 4465 in extension.

Alternative scenario: above 4555 look for further upside with 4580 & 4600 as targets.

Comment: the RSI is mixed and calls for caution.

Supports and resistances:
4600
4580
4555
4547 Last
4490
4465
4420

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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