Gold Intraday: consolidation in place.

Gold (XAU/USD)
+35.10+0.74%
short positions below 4765 with targets at 4695 & 4660 in extension.
image
Pivot: 4765

Our preference: short positions below 4765 with targets at 4695 & 4660 in extension.

Alternative scenario: above 4765 look for further upside with 4805 & 4843 as targets.

Comment: as long as the resistance at 4765 is not surpassed, the risk of the break below 4695 remains high.

Supports and resistances:
4843
4805
4765
4730 Last
4695
4660
4620

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.
goTop
quote