Gold Middle Term: key resistance at 5000.
Gold (XAU/USD)-82.65-1.74%
short positions below 5000 with targets at 4100 & 3880 in extension.

Pivot: 5000
Our preference: short positions below 5000 with targets at 4100 & 3880 in extension.
Alternative scenario: above 5000 look for further upside with 5300 & 5600 as targets.
Comment: the upward potential is likely to be limited by the resistance at 5000.
Supports and resistances:
5600 **
5300 ***
5000 ***
4675 Last
4100 ***
3880 **
3500 **
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.