Gold Intraday: the downside prevails.

Gold (XAU/USD)
-55.69-1.21%
short positions below 4595 with targets at 4520 & 4509 in extension.
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Pivot: 4595

Our preference: short positions below 4595 with targets at 4520 & 4509 in extension.

Alternative scenario: above 4595 look for further upside with 4616 & 4627 as targets.

Comment: as long as 4595 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
4627
4616
4595
4564 Last
4520
4509
4485

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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