Gold Intraday: look for 4860.

Gold (XAU/USD)
+99.32+2.09%
long positions above 4790 with targets at 4860 & 4880 in extension.
image
Pivot: 4790

Our preference: long positions above 4790 with targets at 4860 & 4880 in extension.

Alternative scenario: below 4790 look for further downside with 4758 & 4738 as targets.

Comment: the next resistances are at 4860 and then at 4880.

Supports and resistances:
5000
4880
4860
4829 Last
4790
4758
4738

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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