Gold Middle Term: aim @ 3500.

Gold (XAU/USD)
-3.32-0.08%
short positions below 4580 with targets at 3500 & 3120 in extension.
image
Pivot: 4580

Our preference: short positions below 4580 with targets at 3500 & 3120 in extension.

Alternative scenario: above 4580 look for further upside with 4890 & 5300 as targets.

Comment: the RSI advocates for further downside.

Supports and resistances:
5300 **
4890 ***
4580 ***
3985 Last
3500 ***
3120 **
2760 **

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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