Gold Intraday: the downside prevails.

Gold (XAU/USD)
-170.74-4.01%
short positions below 4185 with targets at 4093 & 4060 in extension.
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Pivot: 4185

Our preference: short positions below 4185 with targets at 4093 & 4060 in extension.

Alternative scenario: above 4185 look for further upside with 4220 & 4265 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:
4265 ***
4220 **
4185 ***
4128 Last
4093 ***
4060 **
4000 **

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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