Gold Intraday: bullish bias above 4265.

Gold (XAU/USD)
+11.13+0.26%
long positions above 4265 with targets at 4340 & 4380 in extension.
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Pivot: 4265

Our preference: long positions above 4265 with targets at 4340 & 4380 in extension.

Alternative scenario: below 4265 look for further downside with 4230 & 4200 as targets.

Comment: the next resistances are at 4340 and then at 4380.

Supports and resistances:
4425 *
4380 **
4340 ***
4305 Last
4265 ***
4230 **
4200 **

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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