Gold Intraday: under pressure.

Gold (XAU/USD)
-59.14-1.33%
short positions below 4425 with targets at 4335 & 4300 in extension.
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Pivot: 4425

Our preference: short positions below 4425 with targets at 4335 & 4300 in extension.

Alternative scenario: above 4425 look for further upside with 4465 & 4480 as targets.

Comment: the RSI calls for a new downleg.

Supports and resistances:
4480 *
4465 ***
4425 ***
4380 Last
4335 *
4300 **
4265 *

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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