Gold Intraday: rebound expected.

Gold (XAU/USD)
-28.01-0.59%
long positions above 4685 with targets at 4745 & 4770 in extension.
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Pivot: 4685

Our preference: long positions above 4685 with targets at 4745 & 4770 in extension.

Alternative scenario: below 4685 look for further downside with 4650 & 4620 as targets.

Comment: the RSI calls for a bounce.

Supports and resistances:
4795 *
4770 ***
4745 **
4714 Last
4685 ***
4650 ***
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.
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