Gold Short Term: watch 4260.

Gold (XAU/USD)
-82.65-1.74%
short positions below 4850 with targets at 4260 & 4100 in extension.
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Pivot: 4850

Our preference: short positions below 4850 with targets at 4260 & 4100 in extension.

Alternative scenario: above 4850 look for further upside with 5000 & 5175 as targets.

Comment: as long as 4850 is resistance, expect a return to 4260.

Supports and resistances:
5175
5000
4850
4675 Last
4260
4100
3930

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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