Gold Intraday: Pivot threshold in sight

Gold (XAU/USD)
+17.41+0.43%
As long as 3,997 is support, look for 4,098
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Our pivot point is at 3,997.

Our preference: As long as 3,997 is support, look for 4,098

Alternative scenario: below 3,997, expect 3,960 and 3,939.

Comment: The asset price is approaching our pivot level, which represents one of the last opportunities for the asset to reverse its recent trend.

Supports and resistances:
4,120 *
4,098 **
4,077
4,011 last
3,997 **
3,960 *
3,939 **

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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