Gold Intraday: the downside prevails.

Gold (XAU/USD)
-59.93-1.45%
short positions below 4120 with targets at 4055 & 4021 in extension.
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Pivot: 4120

Our preference: short positions below 4120 with targets at 4055 & 4021 in extension.

Alternative scenario: above 4120 look for further upside with 4138 & 4164 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
4164 **
4138 **
4120 ***
4073 Last
4055 ***
4021 **
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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