Gold Intraday: bullish bias above 4595.

Gold (XAU/USD)
+6.82+0.15%
long positions above 4595 with targets at 4646 & 4670 in extension.
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Pivot: 4595

Our preference: long positions above 4595 with targets at 4646 & 4670 in extension.

Alternative scenario: below 4595 look for further downside with 4570 & 4540 as targets.

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

Supports and resistances:
4700
4670
4646
4619 Last
4595
4570
4540

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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