Gold Intraday: consolidation in place.

Gold (XAU/USD)
-31.44-0.77%
short positions below 4095 with targets at 4005 & 3985 in extension.
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Pivot: 4095

Our preference: short positions below 4095 with targets at 4005 & 3985 in extension.

Alternative scenario: above 4095 look for further upside with 4122 & 4140 as targets.

Comment: the RSI calls for a drop.

Supports and resistances:
4140 **
4122 **
4095 ***
4048 Last
4005 ***
3985 *
3960 **

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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