Gold Intraday: Risk escalating

Gold (XAU/USD)
+2.93+0.07%
The downside prevails as long as 4,077 is resistance, with 4,008 and 3,990 as targets
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Our pivot point is at 4,077.

Our preference: The downside prevails as long as 4,077 is resistance, with 4,008 and 3,990 as targets

Alternative scenario: above 4,077, look for 4,106 and 4,124.

Comment: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.

Supports and resistances:
4,124 **
4,106 *
4,077 **
4,063 last
4,008
3,990 **
3,972 *

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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